By Sheri Kasprzak
New York, Feb. 26 - Western Uranium Corp. intends to raise up to C$20.14 million in a private placement.
The deal includes up to 5.3 million shares at C$3.80 each.
Haywood Securities Inc. is the underwriter for the offering, which is expected to close March 12.
Also, Western said it plans to conduct a non-brokered deal for C$3.8 million, selling 1 million shares at the same price.
Proceeds from both deals will be used for ongoing exploration at the company's uranium properties in Nevada, New Mexico and the Thelon Basin of Nunavut and the Northwest Territories.
Western, based in Vancouver, B.C., is a uranium exploration company.
Brokered issue
| Issuer: | Western Uranium Corp.
|
| Issue: | Stock
|
| Amount: | C$20.14 million
|
| Shares: | 5.3 million
|
| Price: | C$3.80
|
| Warrants: | No
|
| Underwriter: | Haywood Securities Inc.
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 12
|
| Stock symbol: | TSX Venture: WUC
|
| Stock price: | C$4.00 at close Feb. 23
|
|
|
| Non-brokered issue
|
| Issuer: | Western Uranium Corp.
|
| Issue: | Stock
|
| Amount: | C$3.8 million
|
| Shares: | 1 million
|
| Price: | C$3.80
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 26
|
| Stock symbol: | TSX Venture: WUC
|
| Stock price: | C$4.00 at close Feb. 23
|
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