Source: U308 Corp.
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  • U3O8 Corp. (UWE.H) has upsized its non-brokered private placement from $2,000,000 to $2,500,000
  • The company will issue 22,727,272 units for $0.11 per unit
  • The offering is expected to close on or around July 29, 2022
  • Net proceeds will provide additional working capital to reinitiate operations in Colombia advance the company’s Berlin Deposit
  • U3O8 Corp is a Canadian-based exploration company
  • U3O8 Corp. (UWE.H) opened trading at C$0.14

U3O8 Corp. (UWE.H) has upsized its non-brokered private placement from $2,000,000 to $2,500,000.

The company will issue 22,727,272 units for $0.11 per unit. Each unit includes one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional share for three years.

Certain eligible finders will be paid a cash fee and finders’ warrants.

The offering is expected to close on or around July 29, 2022, and is subject to receipt of all necessary regulatory approvals. All securities issued will be subject to a four-month hold period.

Net proceeds will provide additional working capital to reinitiate operations in Colombia to advance the company’s Berlin Deposit and for general corporate purposes.

U3O8 Corp is a Canadian-based exploration company focused on developing the Berlin Deposit in Colombia.

U3O8 Corp. (UWE.H) opened trading at C$0.14.

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