Business
North Shore Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from North Shore Uranium Ltd
[{"type":"text","content":"North Shore Announces Non-Brokered Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / North Shore Uranium Ltd. (TSXV:NSU) (\"North Shore\" or the \"Company\") is pleased to announce a non-brokered private placement offering for gross proceeds of up to $3,000,000, through the issuance of units of the Company (the \"Units\") at a price of $0.25 per Unit (the \"Offering\"). Each Unit consists of one common share of the Company and one-half of one share purchase warrant (each whole share purchase warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one common share of the Company (each a \"Warrant Share\") at a price of $0.40 per Warrant Share for a period of two (2) years from closing of the Offering.The Warrants will be subject to an accelerated expiry provision such that, if the volume-weighted average price of the Company's common shares on the TSX Venture Exchange (\"TSXV\") equals or exceeds $0.80 for ten (10) consecutive trading days, then the Warrants will expire thirty (30) days following the date on which the Company either provides notice of acceleration to the holders of the Warrants or issues a news release announcing the acceleration, in each case at the Company's election.The net proceeds of the Offering will be used for exploration of the Rio Puerco uranium project in New Mexico, continued exploration of the Company's Saskatchewan uranium properties, the costs of the Offering and for general working capital.The securities issued in connection with the Offering will be subject to a four-month and one-day hold period under applicable securities laws. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV. Finder's fees may be payable in the Offering.Cautionary Note to U.S. InvestorsThe securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securitie...