On September 23, 2024, CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) issued a news release in compliance with National Instrument 62-103 regarding an agreement with Nexus Uranium Corp. (CSE: NEXU). On September 20, 2024, Nexus Uranium Corp. issued 3,042,123 common shares to CanAlaska as part of an agreement related to the Cree East property option. Prior to this transaction, CanAlaska held 2,091,269 shares of Nexus Uranium Corp., representing 6.8% of the outstanding shares. With the acquisition of the additional shares, CanAlaska now owns 5,133,392 shares, accounting for approximately 15.3% of the outstanding shares on a non-diluted basis.
The shares acquired by CanAlaska are for investment purposes only, and the company may choose to acquire more shares or sell shares in the future. Further details can be obtained from the SEDAR+ website or by contacting CanAlaska directly.
CanAlaska Uranium Ltd. is a Canadian exploration company focusing on high-grade uranium deposits in Canada’s Athabasca Basin. The company is actively developing the Pike Zone discovery and has other uranium exploration programs in progress. CanAlaska employs a project generator model and has partnerships with international mining companies such as Cameco Corporation and Denison Mines.
The news release was approved by Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd. Cory Belyk, P.Geo., FGC, serves as the CEO, President, and Director of CanAlaska Uranium Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider takes responsibility for the accuracy of this release. This press release contains forward-looking information, subject to known and unknown risks and uncertainties. Readers are advised not to rely solely on forward-looking statements. The company does not intend to update these statements unless required by law.
For the original source of this press release, please visit the company’s website.
