By Devika Patel
Knoxville, Tenn., July 23 - CanAlaska Uranium Ltd. said it will raise C$1.02 million in a non-brokered private placement of units.
The company plans to sell 6 million units at C$0.17 apiece. Each unit consists of one flow-through or common share and one half-share warrant. Each whole warrant is exercisable at C$0.24 for two years.
MineralFields Group will buy 4,411,764 units.
Proceeds will be used for exploration.
CanAlaska is a uranium exploration company based in Vancouver, B.C.
Issuer: | CanAlaska Uranium Ltd.
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Issue: | Units of one flow-through or common share and one half-share warrant
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Amount: | C$1.02 million
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Units: | 6 million
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Price: | C$0.17
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.24
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Agent: | Non-brokered
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Investor: | MineralFields Group (for 4,411,764 units)
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Pricing date: | July 23
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Stock symbol: | TSX Venture: CVV
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Stock price: | C$0.175 at close on July 22
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Market capitalization: | C$23.4 million
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