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CanAlaska Uranium - CEO, Cory Belyk.
CEO, Cory Belyk.
Source: CanAlaska Uranium.
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  • CanAlaska (CVV) has announced plans to undertake a non-brokered private placement to raise up to $8,000,000
  • The offering will consist of non-flow-through units, flow-through units and flow-through charity units
  • Non-flow through units will be priced at $0.75, flow-through units will be priced at $0.88 and flow-through charity units will be priced at $1.00
  • Gross proceeds will be used for work programs on the company’s exploration properties and for general working capital
  • CanAlaska Uranium holds interests in 300,000 hectares in Canada’s Athabasca Basin
  • CanAlaska Uranium Ltd. (CVV) opened trading at C$0.74 per share

CanAlaska (CVV) has announced plans to undertake a non-brokered private placement to raise up to $8,000,000.

The offering will consist of non-flow-through units, flow-through units and flow-through charity units.

Non-flow through units will be priced at $0.75, flow-through units will be priced at $0.88 and flow-through charity units will be priced at $1.00.

Each unit will consist of one common share and one-half of one warrant. The warrants for all units will entitle the holder to purchase one non-flow-through common share for a period of 2 years at a price of $1.00. The exact number of units sold will be determined at closing.

Gross proceeds will be used for work programs on the company’s exploration properties and for general working capital.

All securities issued will be subject to a four-month hold period.

CanAlaska Uranium holds interests in approximately 300,000 hectares in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. The company also holds properties prospective for nickel, copper, gold and diamonds.

CanAlaska Uranium Ltd. (CVV) opened trading at C$0.74 per share.

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