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Standard Uranium Closes Second Tranche of Private Placement and Announces LIFE Offering
NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancou...
About this update from Standard Uranium Ltd
[{"type":"text","content":"Standard Uranium Closes Second Tranche of Private Placement and Announces LIFE OfferingNOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (\"Standard Uranium\" or the \"Company\") is pleased to announce that it has closed a second tranche (\"Tranche 2\") of its non-brokered private placement (the \"Private Placement Offering\") for gross proceeds of $484,000.In connection with closing of Tranche 2 of the Private Placement Offering, the Company issued 1,550,000 non-flow-through units (each, an \"NFT Unit\"), at a price of $0.08 per NFT Unit, for gross proceeds of $124,000, and 3,600,000 flow-through units (each, an \"FT Unit\"), at a price of $0.10 per FT Unit, for gross proceeds of $360,000. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant (each, a \"Warrant\"). Each FT Unit consists of one common share of the Company, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one Warrant. Each whole Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 at any time on or before September 24, 2027.In connection with Tranche 2, the Company paid finders' fees of $21,000 and issued 210,000 non-transferable share purchase warrants (each, a \"Finders' Warrant\") to certain arms-length parties who assisted in introducing subscribers to the Private Placement Offering. Each Finders' Warrant is exercisable on the same terms as the Warrants. All securities issued pursuant to Tranche 2 of the Private Placement Offering, and any shares that may be issuable on exercise of any Warrants or Finders' Warrants, are subject to a statutory hold period until January 25, 2026.When combined with the first tranche of the Private Placement Offering, the Company has raised gross proceeds of $1,320,100 through the issuance of 9,301,250 NFT Units and 5,760,000 FT Units. The Company anticipates closing a further tranche of the Private Placement Offering to bring total gross proceeds from the Private Placement Offering to $3,500,000. The Company has applied to the TSX Venture Exchange for an extension of the timeline for completion of the Private Plac...