Business
Myriad Uranium Announces Closing of C$8.6 Million Bought Deal LIFE Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Myriad Uranium Corp. (CSE: M) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Offering") for gross proceeds of C$8,603,000, which includes the partial exercise of the Underwriters' (as defined herein) over-allotment option. Pursuant to the Offering, the Company sold 21,507,500 units of the Company (the "Units") at a price of C$0.40 per...
About this update from Myriad Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Myriad Uranium Corp. (CSE: M) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Offering") for gross proceeds of C$8,603,000, which includes the partial exercise of the Underwriters' (as defined herein) over-allotment option. Pursuant to the Offering, the Company sold 21,507,500 units of the Company (the "Units") at a price of C$0.40 per Unit (the "Offering Price"). Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner, and Research Capital Corporation (collectively with Red Cloud, the "Underwriters") acted as underwriters under the Offering.","length":817,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (each, a "Unit Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.60 per Warrant Share at any time on or following January 13, 2026 to November 13, 2028.","length":389,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering for the exploration and advancement of the Company's Copper Mountain Uranium Project in Wyoming, U.S. and Red Basin Project in New Mexico, U.S., as well as for general corporate purposes and working capital.","length":273,"tagName":"p"},{"type":"text","content":"In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were issued to eligible substituted purchasers resident in Canada and certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Unit Shares and Warrants underlying the Units, and the Warrant Shares underlying the Warrants, if exercised, are immediately freely tradeable under applicable Canadian securities legislation.","length":657,"tagName":"p"},{"type":"text","content":"As conside...