Western Uranium Corporation Announces a Non-Brokered Private Placement of Up to Cdn$500,000
Western Uranium Corporation Announces a Non-Brokered Private Placement of Up to Cdn$500,000
TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - Apr 4, 2016) - Western Uranium Corporation (CSE:WUC)(OTC PINK:WSTRF) ('Western' or the 'Company') is pleased to announce a non-brokered private placement on the following terms:
| Gross Proceeds: | Approximately $500,000 in Canadian funds. |
| Offering: | Non-brokered private placement of approximately 295,000 common share units ('Units'). |
| Offering Price: | Cdn $1.70 per each common share unit each unit consisting of one (1) common share plus one full common share purchase warrant. |
| Warrants: | Each full common share purchase warrant shall entitle the holder to purchase one common share at the exercise price of Cdn$2.60 for a term of 5 years from the closing date of the Offering. |
| Over Allotment Option: | The Company may at its discretion sell additional common share units of up to fifty per cent (50%) of the Gross Proceeds of the Offering. |
| Prospectus Exemption: | The offering will only be eligible to be purchased by subscribers who are "accredited investors" or who qualify under another exemption from prospectus requirements in the jurisdictions where the Offering is sold. |
| Statutory Hold: | All shares issued under the Offering will be subject to a 4 month and one (1) day hold period, as well as any other mandatory hold period(s) imposed under applicable laws and regulations. |
| Use of Proceeds: | The proceeds of the Offering will be used for the costs of completion of the Black Range Minerals Limited transaction, the further development, permitting and licensing of the Ablation Technology, the costs of the OTCQX listing, mine planning and preparation, the additional hiring of specialized personnel, and for working capital purposes. |
| Finders' Fee: | A 5% finder s' fee in cash or Units may be paid to qualified persons at the discretion of the Company. |
| Closing Date: | On or about April 8, 2016. |
About Western Uranium Corporation
Western Uranium Corporation is a Colorado based uranium company focused on the near-term production of uranium and vanadium in the western United States.
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made.
George Glasier
President and CEO
970-864-2125
[email protected]
Michael Skutezky
Chairman of the Board
416-564-2870
[email protected]
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
