By Devika Patel
Knoxville, Tenn., Oct. 5 - CanAlaska Uranium Ltd. said it arranged a C$2.5 million non-brokered private placement of units.
The company will sell flow-through units at C$0.21 apiece. Each flow-through unit consists of one flow-through common share and one half-share warrant, with each whole warrant exercisable at C$0.28 for 18 months.
The company will sell ordinary units at C$0.19 apiece. Each ordinary unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.28 for 18 months.
Proceeds will be used for uranium exploration in Canada and for general corporate purposes.
CanAlaska is a uranium exploration company based in Vancouver, B.C.
| Issuer: | CanAlaska Uranium Ltd.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant, ordinary units of one common share and one half-share warrant
|
| Amount: | C$2.5 million
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.28
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 5
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.185 at close Oct. 2
|
| Market capitalization: | C$25.5 million
|
|
|
| Flow-through units
|
| Price: | C$0.21
|
|
|
| Ordinary units
|
| Price: | C$0.19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
