By Devika Patel
Knoxville, Tenn., May 29 - CanAlaska Uranium Ltd. said it took in C$3.71 million in a non-brokered private placement of units. The deal priced for C$4 million on April 14.
The company sold 10,922,660 units at C$0.34 apiece.
Each unit consists of one flow-through eligible common share and one half-share warrant. Each whole warrant is exercisable into one flow-through eligible common share or one common share, at the holder's option, at C$0.50 for two years.
Proceeds will be used for the continued exploration of the company's uranium exploration projects in Saskatchewan, Alberta and Manitoba.
CanAlaska is a uranium exploration company based in Vancouver, B.C.
| Issuer: | CanAlaska Uranium Ltd.
|
| Issue: | Units of one flow-through eligible common share and one half-share warrant
|
| Amount: | C$3,713,704.40
|
| Units: | 10,922,660
|
| Price: | C$0.34
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | April 14
|
| Settlement date: | May 29
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.29 at close on April 11
|
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