Business
Premier American Uranium Announces Bought Deal Private Placement for Gross Proceeds of C$10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION...
About this update from Premier American Uranium Inc
[{"type":"text","content":"Premier American Uranium Announces Bought Deal Private Placement for Gross Proceeds of C$10 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, ON / ACCESS Newswire / January 21, 2026 / Premier American Uranium Inc. (\"PUR\", the \"Company\" or \"Premier American Uranium\") (TSXV:PUR)(OTCQB:PAUIF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase for resale 11,111,112 units of the Company (the \"Units\") at a price of C$0.90 per Unit (the \"Offering Price\") on a \"bought deal\" basis in a private placement for gross proceeds of approximately C$10,000,000 (the \"Underwritten Offering\").Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of C$1.26 at any time on or before that date which is 36 months after the Closing Date (as herein defined).The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 2,222,222 Units at the Offering Price for additional gross proceeds of up to approximately C$2,000,000 (the \"Underwriters' Option\"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the \"Offering\".The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's uranium projects in New Mexico and Wyoming as well as for working capital and general corporate purposes.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), a portion of the Units will be offered for sale to purchasers resident in all of the provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45...