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Generation Uranium Announces Closing of Non-Brokered Private Placement for Aggregate Proceeds of CAD$400,000
(TheNewswire) Vancouver, British Columbia, Canada / TheNewswire / March 15 ...
About this update from Generation Uranium Inc Class A
[{"type":"text","content":"Generation Uranium Announces Closing of Non-Brokered Private Placement for Aggregate Proceeds of CAD$400,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia, Canada /\n \n \n TheNewswire /\n \n \n March\n \n \n 15\n \n \n ,\n2024 – Generation Uranium Inc.\n \n \n (the\n“Company” or “Generation”), (TSXV: GEN)\n \n is pleased to\nannounce the closing of its non-brokered Private Placement (the\n“Offering”) of the Company as previously announced on February 7,\n2024.\n \n \n The Offering closed with the issuance of 4,000,000 Common Shares at a\nprice of $0.10 per Share for aggregate proceeds of CAD$400,000.\n \n All Shares are subject to final TSX Venture Exchange\napproval, a Finders’ fee of 320,000 common shares and 320,000\nfinders’ warrants were paid upon closure. The Finders’ Warrants\nentitle the holder to purchase one common share at an exercise price\nof $0.10 for 24 months following the completion of the Offering, being\nMarch 15, 2026, and a hold period which expires on September 15,\n2024.\n \n All Shares issued pursuant to the Offering have periods\nexpiring on September 15, 2024 (2,000,000 Shares), and November 15,\n2024 (2,000,000 Shares).\n \n \n The Company intends to use the net proceeds to help define new drill\ntargets on the Yath Project, a high-grade uranium property situated in\nthe Thelon Basin in Nunavut, Canada, and general working capital.\n \n \n \n FOR FURTHER INFORMATION CONTACT\n \n \n \n Anthony Zelen\n \n \n President and Chief Executive Officer\n \n \n [email protected]\n \n \n 778-388-5258\n \n \n \n About Generation Uranium\n \n \n \n The Company is a natural resource company engaged in the exploration\nand development of mineral properties. The Company holds an option to\nacquire a 60% interest in and to the Arlington Property, located\nwithin the Arrow Boundary District of south-central British Columbia,\nand holds a 100% interest in the Yath Uranium Project, located in the\nTerritory of Nunavut.\n \n \n \n Forward-Looking Statements\n \n \n \n This news release contains certain forward-looking statements, which\nrelate to future events or future performance and reflect\nmanagement’s current expectations and assumptions. Such\nforward-looking statements reflect management’s cu...