Consolidated Uranium Announces Closing of C$20.0 Million Bought Deal Private Placement
Summary
I want to take the opportunity to thank existing and new shareholders for their support and confidence in the Company and our business plan, which remains to continue to build out the portfolio, the team and aggressively advance our current projects with a particular focus on the newly acquired past producing mines in the U.S. We strongly believe that with our strengthened balance sheet and track record of adding accretive acquisitions, we are well positioned to continue to execute and add value for all shareholders.Each Unit is comprised of one common share in the capital of the Company (each a Unit Share) and one half of one common share purchase warrant of the Company (each whole warrant, a Warrant). Each Warrant is exercisable to acquire one common share of the Company at a price of C$4.00 at any time on or before November 22, 2023.The net proceeds raised from the Offering are expected to be used for general working capital purposes. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer.For More Information, Please ContactNeither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Companys planned exploration activities will be available on reasonable terms and in a timely manner. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended.