Source: Strathmore Plus Uranium.
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  • Strathmore (SUU) has closed a private placement for gross proceeds of $2 million
  • The company issued 5,000,000 units at a price of $0.40 per unit
  • Net proceeds will be used to fund ongoing exploration at its Night Owl and Agate properties, as well as for general working capital
  • Strathmore is a uranium exploration company focused on in-situ recoverable uranium deposits in Wyoming
  • Strathmore Plus Uranium (SUU) is down by 5.88 per cent, trading at $0.48 per share

Strathmore (SUU) has closed a private placement for gross proceeds of $2 million.

The company issued 5,000,000 units at a price of $0.40. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable into one common share priced at $0.50 for 2 years.

Certain Strathmore insiders acquired 1,000,000 units.

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

Net proceeds will be used to fund ongoing exploration at its Night Owl and Agate projects, as well as for general working capital.

Strathmore is a uranium exploration company focused on in-situ recoverable uranium deposits in Wyoming.

Strathmore Plus Uranium (SUU) is down by 5.88 per cent, trading at $0.48 per share as of 9:31 am EST.


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