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Laramide Resources Closes Over-Subscribed $3.75M Equity Financing
Laramide Resources Closes Over-Subscribed $3.75M Equity Financing Canada NewsWire ...
About this update from Laramide Resources Ltd.
[{"type":"text","content":"\n\n\n\nLaramide Resources Closes Over-Subscribed $3.75M Equity Financing\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 21, 2018\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\nListed (TSX:LAM; ASX:LAM)\n\n\n\nTORONTO, June 21, 2018 /CNW/ - Further to its press release dated June 4, 2018 and June 8, 2018, Laramide Resources Ltd. (\"Laramide\" or the \"Company\") is pleased to announce that the Company has closed its non-brokered private placement on June 20th, 2018 (the \"Offering\"), and that the Offering was over-subscribed as the Company issued 12,500,000 units (the \"Units\") at a price of C$0.30 per Unit, for aggregate gross proceeds of C$3,750,000.00.\n\nMarc Henderson, Laramide's President and CEO, commented, \"We received strong support from existing shareholders and were pleased to see a number of new supporters participate in Laramide's placement, including new institutional shareholders. The proceeds of the placement allow the Company to progress the Church Rock Project towards development following the significant maiden NI 43-101 Church Rock Mineral Resource Estimate which was released in Q4, 2017.\" Mr. Henderson added, \"We continue to believe Church Rock is potentially one of the highest quality undeveloped ISR projects in the U.S. and would be an obvious beneficiary of any of the government policy actions under consideration which would assure U.S. domestic security of supply.\"\n\nThe Company plans to use the net proceeds of the Offering to advance exploration and development activities primarily at Church Rock and Crownpoint uranium properties in New Mexico, USA, and for general corporate purposes.\n\nEach Unit consisted of (i) one common share in the capital of the Company, (ii) one-half (1/2) of one common share purchase warrant (each whole such warrant a \"Series A Warrant\"), with each whole Series A Warrant entitling the holder to purchase o...