By Sheri Kasprzak
New York, Aug. 2 - CanAlaska Ventures Ltd. said it has arranged a private placement for up to C$3,515,000.
The brokered portion of the offering includes up to 3.1 million flow-through shares at C$0.40 each and up to 3.6 million units at C$0.35 each.
The units are comprised of one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$0.45 each for one year.
Haywood Securities Inc. is the placement agent on this portion of the deal.
The company also intends to sell up to 2.9 million units on a non-brokered basis under the same terms as the brokered units.
Proceeds will be used for exploration on the company's uranium properties in the Athabasca Basin and for working capital.
Vancouver, B.C.-based CanAlaska is a mineral exploration company.
| Issuer: | CanAlaska Ventures Ltd.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$3,515,000
|
| Placement agent: | Haywood Securities Inc. (for C$2.5 million of the offering)
|
| Pricing date: | Aug. 2
|
| Stock price: | C$0.36 at close Aug. 2
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 3.1 million
|
| Price: | C$0.40
|
| Warrants: | No
|
|
|
| Units
|
| Issue: | Units of one share and one half-share warrant
|
| Units: | 3.6 million (brokered); 2.9 million (non-brokered)
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.45
|
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