Standard Uranium - CEO, Jon Bey (left)
CEO, Jon Bey (left)
Source: Standard Uranium.
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  • Standard Uranium (STND) has closed its previously announced private placement for gross proceeds of C$3,565,344.06
  • Under the second tranche, the company issued 3,177,116 flow-through units for gross proceeds of $413,025.08
  • Combined with the first tranche, Standard Uranium sold 7,306,900 units and 21,242,962 FT units
  • Standard Uranium is a Canada-based mineral resource exploration company focused on the development of exploration stage uranium projects
  • Standard Uranium Ltd. (STND) is unchanged on the day, trading at C$0.09 per share at 10:30 am ET

Standard Uranium (STND) has closed its previously announced private placement for gross proceeds of C$3,565,344.06.

Under the second tranche, the company issued 3,177,116 flow-through units for gross proceeds of $413,025.08.

Combined with the first tranche, Standard Uranium sold 7,306,900 units and 21,242,962 FT units.

The offering was led by Red Cloud Securities Inc. on behalf of a syndicate of agents that included Canaccord Genuity Corp. The agents received total cash commissions of $21,001.50 and were issued 190,627 broker warrants.

The net proceeds raised will be used for the exploration of the company’s Davidson River Project and for working capital purposes. 

Standard Uranium is a Canada-based mineral resource exploration company focused on the development of exploration stage uranium projects in the Athabasca Basin in Saskatchewan.

Standard Uranium’s Davidson River Project is comprised of 21 mineral claims over 25,886 hectares.

Standard Uranium Ltd. (STND) is unchanged on the day, trading at C$0.09 per share at 10:30 am ET.

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