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Puranium Energy Announces Closing of Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITES STATES ALLAMOUNTS EXPRESSED ARE IN CANADIAN DOLLARSToronto, Ontario--(Newsfile Corp. - April 14, 2026) - Puranium Energy Ltd. (CSE: UX) (FSE: 2DK0) (the "Company" or "Puranium") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") and completed a shares for debt transaction to strengthen its balance sheet.Non-Brokered Private PlacementThe Offering consisted of units (each, a "Unit"), with each Unit.
About this update from Puranium Energy Ltd
NOT FOR DISSEMINATION IN THE UNITES STATES ALLAMOUNTS EXPRESSED ARE IN CANADIAN DOLLARS Toronto, Ontario--(Newsfile Corp. - April 14, 2026) - Puranium Energy Ltd. (CSE: UX) (FSE: 2DK0) (the "Company" or "Puranium") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") and completed a shares for debt transaction to strengthen its balance sheet. Non-Brokered Private Placement The Offering consisted of units (each, a "Unit"), with each Unit comprised of one (1) common share and one (1) common share purchase warrant (a "Warrant"). The Company issued 7,252,781 Units at a price of $0.08 per Unit for gross proceeds of $580,222.42. Each Warrant entitles the holder to acquire one additional common share at a price of $0.125 for a period of thirty-six (36) months from the date of issuance. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. Certain insiders of the Company participated in the Offering, and such participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the insiders' participation does not exceed 25% of the Company's market capitalization. The net proceeds from the Offering will be used for general working capital purposes. Shares for Debt Transaction Concurrent with the closing of the Offering, the Company settled an aggregate of $180,222.50 in outstanding indebtedness owed to certain creditors through the issuance of 2,252,781 Units (the "Settlement Units") at a price of $0.08 per Settlement Unit. The Settlement Units are issued on the same terms as the Units issued under the Offering and are subject to a statutory hold period of four months and one day. The shares for debt transaction constitutes a "related party transaction" under MI 61-101. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requiremen...
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