By Sheri Kasprzak
New York, June 16 - Western Uranium Corp. priced a C$3.25 million private placement.
The offering includes up to 2.6 million flow-through shares at C$1.25 apiece.
The deal is being placed through agent Dundee Securities Corp. and Haywood Securities Inc.
Proceeds will be used for exploration on the company's Canadian mineral properties in the Thelon basin in Nunavut and in the Northwest Territories.
Vancouver, B.C.-based Western is a uranium exploration company.
| Issuer: | Western Uranium Corp.
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| Issue: | Flow-through shares
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| Amount: | C$3.25 million
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| Shares: | 2.6 million
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| Price: | C$1.25
|
| Warrants: | No
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| Placement agents: | Dundee Securities Corp. and Haywood Securities Inc.
|
| Pricing date: | June 16
|
| Stock symbol: | TSX Venture: WUC
|
| Stock price: | C$1.35 at close June 16
|
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