By Susanna Moon
Chicago, Nov. 5 - CanAlaska Uranium Ltd. said it completed its C$2.5 million non-brokered private placement of units.
The company issued an additional 10.71 million flow-through units at C$0.21 each unit for a total of 11.9 million. In the first tranche, the company sold 1.19 million flow-through units.
CanAlaska issued $750,000 of the units to MineralFields Group.
Each flow-through unit consists of one flow-through common share and one half-share warrant, with each whole warrant exercisable at C$0.28 for 18 months.
In addition, to the flow-through units, the company had also been offering ordinary units at C$0.19 each, although none were sold.
Proceeds will be used for uranium exploration in Canada's Athabasca Basin.
CanAlaska is a uranium exploration company based in Vancouver, B.C.
| Issuer: | CanAlaska Uranium Ltd.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant
|
| Amount: | C$2,499,930
|
| Units: | 11,904,428
|
| Price: | C$0.21
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.28
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group for $750,000
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 29 for C$249,900; Nov. 5 for remainder
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.185 at close Oct. 2
|
| Market capitalization: | C$25.9 million
|
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