By Sheri Kasprzak
New York, July 7 - Western Uranium Corp. settled its previously announced private placement for C$2,788,750.
The company sold 2,231,000 flow-through shares at C$1.25 each.
The offering was placed through a syndicate of agents led by Dundee Securities Corp. and Haywood Securities Inc.
The deal priced June 16 as a C$3.25 million offering of up to 2.6 million shares.
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.
|
| Issue: | Flow-through shares
|
| Amount: | C$2,788,750
|
| Shares: | 2,231,000
|
| Price: | C$1.25
|
| Warrants: | No
|
| Placement agents: | Dundee Securities Corp. and Haywood Securities Inc.
|
| Pricing date: | June 16
|
| Settlement date: | July 7
|
| Stock symbol: | TSX Venture: WUC
|
| Stock price: | C$1.35 at close June 16
|
| Stock price: | C$1.35 at close July 7
|
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