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Laramide Resources Closes $1.6 Million Private Placement
Laramide Resources Closes $1.6 Million Private Placement Laramide Resources Closes...
About this update from Laramide Resources Ltd.
[{"type":"text","content":"\n\n\n\nLaramide Resources Closes $1.6 Million Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLaramide Resources Closes $1.6 Million Private Placement\nCanada NewsWire\nTORONTO, Dec. 24, 2015\n\n\n\nListed (TSX:LAM; ASX:LAM) \n\n\n\nTORONTO, Dec. 24, 2015 /CNW/ - Laramide Resources Ltd. (\"Laramide\" or the \"Company\") (TSX: LAM; ASX:LAM) is pleased to announce that it has closed a non-brokered private placement (the \"Offering\") of up to 6,420,000 units (the \"Units\") of the Company at a price of C$0.25 per Unit, for aggregate gross proceeds of up to C$1.605 million. Each Unit consists of one common share (a \"Common Share\") in the capital of the Company and one-half (1/2) of a share purchase warrant (each whole warrant, a \"Warrant\") of the Company exercisable for a period of 24 months from the closing of the Offering at an exercise price of $0.50 per Common Share.\n\nThe Company plans to use the proceeds of the Offering to advance its uranium projects in the United States and Australia and for general corporate purposes.\n\nIn accordance with closing the Extract Term Loan (previously announced on December 1, 2015), the Term Loan is scheduled to occur on or about December 31, 2015, and remains subject to the completion of definitive documents and receipt of regulatory approvals.   \n\nThe Company paid an aggregate cash finder's fee of 6% to certain arm's length parties with respect to certain orders provided in connection with the Offering including to Dundee Capital Markets, Marquest Capital Markets and Secutor Capital Management Corp. \n\nThe common shares and Warrants will be subject to a four-month hold period under applicable securities laws in Canada. \n\nDirectors and officers of the Company (the \"Purchasing Insiders\") purchased an aggregate of 950,000 Units pursuant to the Offering.  Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"), the purchase by the Purchasing Insiders was a \"related party transaction\". The Company was exempt from the requir...