On September 6, 2024, a Canadian exploration company, CanAlaska Uranium Ltd., announced its intention to conduct a non-brokered private placement of up to 7,692,308 common shares at a purchase price of $0.65 per share, aiming to raise a total of up to $5,000,000.20 in gross proceeds. The funds acquired from this offering will be allocated towards work programs on the Company’s exploration properties and general working capital.
Qualified investors will have the opportunity to participate in this offering under exemptions from prospectus and registration requirements. CanAlaska Uranium Ltd. plans to compensate eligible finders with finders’ fees in compliance with relevant securities laws and TSXV policies. All securities issued during the offering will be subject to a hold period of four months and one day from the date of issuance, pending regulatory approvals, including those of the TSXV.
CanAlaska Uranium Ltd. is a Canadian-based exploration company with a focus on discovering high-grade unconformity uranium deposits in Canada’s Athabasca Basin. The company’s current initiatives include advancing the Pike Zone discovery at its West McArthur Joint Venture project. CanAlaska operates on a project generator model, acquiring and selling prospective projects while pursuing exploration on key land holdings. The company has established partnerships with leading international mining firms like Cameco Corporation and Denison Mines.
Headquartered in Saskatoon, Saskatchewan, with a satellite office in Vancouver, British Columbia, CanAlaska Uranium Ltd. is led by a team of experienced professionals, including Nathan Bridge, MSc., P. Geo., the Vice-President of Exploration. For more information about CanAlaska Uranium Ltd., visit their website at [website link].
This press release contains forward-looking statements that reflect the Company’s expectations and beliefs regarding future activities, events, or developments. These statements are based on various assumptions and involve risks and uncertainties beyond the Company’s control. Readers are advised not to rely excessively on forward-looking statements as they may prove inaccurate. The Company disclaims any intentions to revise or update such statements unless mandated by law.
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