By Sheri Kasprzak
Atlanta, March 8 - CanAlaska Ventures Ltd. said it will raise up to C$3,016,000 in a non-brokered private placement of stock.
The offering includes up to 5.2 million shares at C$0.58 each.
In other news, the company has granted 458,000 incentive stock options to employees, consultants and insiders of the company at C$0.58 each for five years.
Also in other news, the company said it has terminated its option on the Smoke Lake property in Ontario and has also received a termination notice from Freegold Ventures Ltd. on the Rainbow Hill property in Alaska.
Based in Vancouver, B.C., CanAlaska is a mineral exploration company focused on uranium exploration. It plans to use the proceeds from the private placement for the acquisition, exploration and development of its uranium projects. The remainder will be used for working capital.
| Issuer: | CanAlaska Ventures Ltd.
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| Issue: | Stock
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| Amount: | C$3,016,000 (maximum)
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| Shares: | 5.2 million (maximum)
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| Price: | C$0.58
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| Warrants: | No
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| Pricing date: | March 7
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| Stock price: | C$0.59 at close March 7
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