By Devika Patel
Knoxville, Tenn., Nov. 17 - CanAlaska Uranium Ltd. said it arranged a C$3 million non-brokered private placement of units.
The company will sell flow-through units at C$0.21 apiece. 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.
The company also will sell ordinary units at C$0.175 apiece. Each ordinary unit consists of one common share and one warrant, with each warrant exercisable at C$0.28 for two years.
Proceeds will be used for uranium exploration in Canada and for general corporate purposes.
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; ordinary units of one common share and one warrant
|
| Amount: | C$3 million
|
| Warrant strike price: | C$0.28
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 17
|
| Stock symbol: | TSX Venture: CVV
|
| Stock price: | C$0.19 at close Nov. 16
|
| Market capitalization: | C$26.6 million
|
|
|
| Flow-through units
|
| Price: | C$0.21
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.28
|
|
|
| Ordinary units
|
| Price: | C$0.175
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
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