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CanAlaska Announces Second Tranche Closing of Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - CanAlaska Uranium Ltd. (TS...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Announces Second Tranche Closing of Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - January 21, 2020) - CanAlaska Uranium Ltd. (TSXV: CVV) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") announces that it has now completed the second and final tranche (the \"Second Tranche\") of its non-brokered private placement (the \"Offering\") previously announced on December 6, 2019. Under the Second Tranche, the Company has issued 3,826,250 non flow-through units for gross proceeds of $612,200. In connection with the Second Tranche, the Company paid a finder's fee of $902.40 and issued 5,640 finder's warrants. Each finder's warrant is exercisable for one common share at a price of $0.40 for three years. All securities issued under the Second Tranche are subject to a hold period expiring May 21, 2020 in accordance with applicable securities laws and the policies of the TSX Venture Exchange.Together with the first tranche closing announced December 31, 2019, the Company has now raised a total of $1,922,868.91 ($1,176,268.91 from the sale of flow-through units and $746,600.00 from the sale of non-flow-through units).This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the \"1933 Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.About CanAlaska Uranium CanAlaska Uranium Ltd. (TSXV: CVV) (FSE: DH7N) holds interests in approximately 152,000 hectares (375,000 acres), in Canada's Athabasca Basin - the \"Saudi Arabia of Uranium.\" CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.The qualified technical person for thi...