Business
CanAlaska Announces up to $3,000,000 Private Placement Financing
Vancouver, Canada--(Newsfile Corp. - April 22, 2019) - CanAlaska Uranium Ltd. (TSXV: CVV ...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Announces up to $3,000,000 Private Placement FinancingVancouver, Canada--(Newsfile Corp. - April 22, 2019) - CanAlaska Uranium Ltd. (TSXV: CVV) (FSE: DH7N), (the \"Company\") announces that it proposes to undertake a non-brokered private placement of flow-through units (the \"FT Units\") and non-flow-through units (the \"Units\") for total gross proceeds of up to $3,000,000. Each FT Unit will be sold at a price of $0.32 and consist of one flow-through common share and one transferable common share purchase warrant (a \"Warrant\"). Each Unit will be sold at a price of $0.275 and will consist of one common share and one Warrant. Each Warrant will entitle the holder thereof to purchase one non-flow-through common share for a period of 5 years at a price of $0.60. The exact number of Units and NFT Units sold will be determined at closing. The gross proceeds received from the sale of the FT Units will be used for work programs on the Company's exploration properties, with priority given to its West McArthur property. The net proceeds received from the sale of the Units will be used for general working capital.The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the private placement, subject to compliance with the policies of the TSX Venture Exchange. Completion of the private placement and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. 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.On behalf of the Board of Directors\"Peter Dasler\"Peter Dasler, M.Sc., P.Geo.President & CEO CanAlaska Uranium Ltd.Contacts:Peter Dasler, President Tel: +1.604.688.3211 x 138 Email: [email protected]...