Global Uranium Corp. Announces Non-Brokered Convertible Debenture Financing

About this update from Global Uranium Corp.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 19, 2026 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN) (the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") of up to C$750,000 principal amount of unsecured convertible debentures (the "Debentures"). The Debentures are intended to be sold in principal amounts of C$1,000 and bear interest at a rate of 10% per annum, and to mature 24 months from the date of issue (“Maturity”). The principal amount of the Debentures shall be convertible, at the option of the holder, into units of the Company (the "Units") at any time prior to Maturity, at a conversion price equal to the 5-day volume weighted average price at the time of conversion, subject to compliance with the policies of the Canadian Securities Exchange, including that the conversion price may not equate to below $0.05 per Unit. Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share for a period of 24 months at an exercise price equal to $0.065. The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes, including advancement of the Company's uranium exploration projects. The Offering is expected to close on or about June 30, 2026. The Debentures and underlying securities will be subject to a statutory four month and one day hold period from the issue date of the Debentures. Closing of the Offering is subject to the Company’s receipt of all necessary regulatory approvals, including approval of the CSE. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. ABOUT GLOBAL URANIUM CORP. Global Uranium Corp. focuses on exploring and deve...

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