By Sheri Kasprzak
New York, March 15 - CanAlaska Ventures Ltd. said it has concluded its previously announced private placement for C$3,118,657.
The company sold 7,425,374 units at C$0.42 each on a non-brokered basis.
The units consist of one share and one half-share warrant. Each whole warrant allow for the purchase of another share at C$0.52 for one year.
The deal priced Feb. 15 as a C$2.5 million offering of up to 5,952,381 units.
Proceeds will be used for exploration on the company's uranium properties in the Athabasca Basin and for working capital.
Based in Vancouver, B.C., CanAlaska is a uranium exploration company.
| Issuer: | CanAlaska Ventures Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,118,657
|
| Units: | 7,425,374
|
| Price: | C$0.42
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.52
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 15
|
| Settlement date: | March 15
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.42 at close Feb. 15
|
| Stock price: | C$0.46 at close March 15
|
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