Business
Myriad Uranium Announces Increased Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has increased its previously disclosed non-brokered private placement financing (the "Financing") (see Myriad's news release dated August 20, 2025), from gross proceeds of $125,000 to gross proceeds of up to $550,000. Under the increased Financing, the Company will issue up to 2,200,000 units (each, a "Unit") at...
About this update from Myriad Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has increased its previously disclosed non-brokered private placement financing (the "Financing") (see Myriad's news release dated August 20, 2025), from gross proceeds of $125,000 to gross proceeds of up to $550,000. Under the increased Financing, the Company will issue up to 2,200,000 units (each, a "Unit") at $0.25 per Unit. Each Unit will comprise one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.35 for a period of twenty-four (24) months from the date of issuance.","length":903,"tagName":"p"},{"type":"text","content":"Myriad's CEO Thomas Lamb commented "Given our decision to open the financing to include a key institutional investor, we also felt it appropriate to accommodate several other important investors through this small raise. Three board members—Tom Lee, Simon Clarke, and myself—will also be participating. The additional capital strengthens our flexibility as we build on the excellent results at Copper Mountain and advance Red Basin."","length":447,"tagName":"p"},{"type":"text","content":"Securities issued under the Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company anticipates paying finder's fees and issuing finder's warrants in connection with the Financing. The Company intends to use the proceeds of the Financing for general working capital.","length":340,"tagName":"p"},{"type":"text","content":"Directors of the Company will participate in the Financing, and such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). This participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.","length":491,"tagNa...