Business
Myriad Uranium Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has closed its previously disclosed non-brokered private placement financing (the "Financing") (see Myriad's news release dated September 16, 2025), raising gross proceeds of $595,400 through the issuance of 2,381,600 units (each, a "Unit") of the Company at $0.25 per Unit. Each Unit comprises one common share of..
About this update from Myriad Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that it has closed its previously disclosed non-brokered private placement financing (the "Financing") (see Myriad's news release dated September 16, 2025), raising gross proceeds of $595,400 through the issuance of 2,381,600 units (each, a "Unit") of the Company at $0.25 per Unit. Each Unit comprises 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 until September 24, 2027.","length":798,"tagName":"p"},{"type":"text","content":"Myriad's CEO Thomas Lamb commented, "This private placement, initially intended to be a quick close to accommodate an important institutional investor, has expanded somewhat, with other key investors boosting their positions and management also participating. We will put these additional funds to very good use."","length":327,"tagName":"p"},{"type":"text","content":"In connection with the Financing, the Company paid aggregate finder's fees of $7,000 and issued an aggregate of 28,000 finder's warrants (each, a "Finder's Warrant"), with each Finder's Warrant exercisable for one Share at a price of $0.25 until September 24, 2027. Securities issued under the Financing are subject to a four month hold period expiring January 25, 2026, in accordance with applicable Canadian securities laws. The Company intends to use the proceeds of the Financing for exploration of the Company's mineral properties and for general working capital.","length":598,"tagName":"p"},{"type":"text","content":"Directors and officers of the Company participated 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 is 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...