By Devika Patel
Knoxville, Tenn., Aug. 18 - CanAlaska Uranium Ltd. said it has settled the first tranche of a C$1.02 million non-brokered private placement of units, raising C$750,000. The deal priced July 23.
The company is selling 6 million units at C$0.17 apiece. It sold 4,411,764 units in this tranche.
Each unit consists of one flow-through or common share and one half-share warrant. Each whole warrant is exercisable at C$0.24 for two years.
MineralFields Group will buy 4,411,764 units. It bought 2,941,175 units for C$500,000 in this tranche.
Proceeds will be used for exploration.
CanAlaska is a uranium exploration company based in Vancouver, B.C.
| Issuer: | CanAlaska Uranium Ltd.
|
| Issue: | Units of one flow-through or common share and one half-share warrant
|
| Amount: | C$1.02 million
|
| Units: | 6 million
|
| Price: | C$0.17
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.24
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group (for 4,411,764 units)
|
| Pricing date: | July 23
|
| Settlement date: | Aug. 18 (for C$750,000)
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.175 at close on July 22
|
| Market capitalization: | C$21.4 million
|
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