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Puranium Energy Announces Loan and Issuance of Bonus Warrants
Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - Puranium Energy Ltd. (CSE: UX) (FSE: 2DK0) (the "Company" or "Puranium") announces details of a prior loan
About this update from Puranium Energy Ltd
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - Puranium Energy Ltd. (CSE: UX) (FSE: 2DK0) (the \"Company\" or \"Puranium\") announces details of a prior loan transaction and the issuance of bonus warrants in connection therewith. Loan Agreement On February 19, 2026, the Company entered into a loan agreement (the \"Loan Agreement\") with a non-arms length party, pursuant to which the Company received a non-interest bearing loan in the principal amount of $50,000 for general working capital purposes. The loan was fully repaid on March 16, 2026 in cash and in accordance with the terms of the Loan Agreement. Issuance of Bonus Warrants In accordance with the terms of the Loan Agreement, the Company has issued 100,000 common share purchase warrants (the \"Bonus Warrants\") to the Lender. Each Bonus Warrant entitles the holder to acquire one common share of the Company on the following terms: Exercise Price: $0.125 per common shareExpiry: Three (3) years from the date of issuance The Bonus Warrants are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The loan and issuance of the Bonus Warrants constitute a \"related party transaction\" within the meaning of Multilateral Instrument 61-101, as the lender is a non-arm's length party to the Company. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the transaction does not exceed 25% of the Company's market capitalization. On behalf of the Board,Jason Bagg,President & CEO, Director About Puranium Energy Ltd. Puranium Energy Corp. is a Canadian resource exploration company focused on identifying and advancing energy-related opportunities. The Company is listed on the Canadian Securities Exchange under the symbol UX and on the Frankfurt Exchange under the symbol 2DK0. For more information, please contact investor relations at [email protected]. Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Compan...