Vancouver, British Columbia – October 15, 2021 (Newsfile Corp.) (Investorideas.com Newswire) CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Firm”) proclaims that it proposes to undertake a non-brokered non-public placement of securities to boost whole gross proceeds of as much as $8,000,000 (the “Providing”).
The Providing will probably be comprised of a mix of: (i) non-flow-through items (the “NFT Items”) to be offered at a worth of $0.75 per NFT Unit; (ii) flow-through items (the “FT Items”) to be offered at a worth of $0.88 per FT Unit; and (iii) flow-through charity items (the “Charity Items”) to be offered at a worth of $1.00 per Charity Unit. Every NFT Unit will probably be comprised of 1 non-flow-through widespread share and one-half (0.5) of 1 warrant. Every FT Unit and Charity Unit will probably be comprised of 1 flow-through widespread share and one-half (0.5) of 1 warrant. The warrants for all items would be the identical with every complete warrant entitling the holder thereof to buy one non-flow-through widespread share for a interval of two years at a worth of $1.00. The precise variety of NFT Items, FT Items and Charity Items offered will probably be decided at closing.
The gross proceeds obtained from the sale of the FT Items and the Charity Items will probably be used for work applications on the Firm’s exploration properties. The online proceeds obtained from the sale of the NFT Items will probably be used for normal working capital.
The Firm could pay finders’ charges comprised of money and non-transferable warrants in reference to the Providing, topic to compliance with the insurance policies of the TSX Enterprise Alternate. All securities issued and offered below the Providing will probably be topic to a maintain interval expiring 4 months and in the future from their date of issuance. Completion of the Providing and the cost of any finders’ charges stay topic to the receipt of all essential regulatory approvals, together with the approval of the TSX Enterprise Alternate.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the USA of America. The securities haven’t been and won’t be registered below the USA Securities Act of 1933 (the “1933 Act”) or any state securities legal guidelines and is probably not supplied or offered inside the USA or to U.S. Individuals (as outlined within the 1933 Act) until registered below the 1933 Act and relevant state securities legal guidelines, or an exemption from such registration is obtainable.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds pursuits in roughly 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted main worldwide mining corporations. CanAlaska is at present working with Cameco and Denison at two of the Firm’s properties within the Jap Athabasca Basin. CanAlaska is a mission generator positioned for discovery success on the earth’s richest uranium district. The Firm additionally holds properties potential for nickel, copper, gold and diamonds. For additional info go to www.canalaska.com.
The certified technical individual for this information launch is Nathan Bridge, MSc., P.Geo., CanAlaska’s Vice President, Exploration.
On behalf of the Board of Administrators
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, Govt VP and CEO
Tel: +1.604.688.3211 x 306
E-mail: [email protected]
Peter Dasler, President
Tel: +1.604.688.3211 x 138
E-mail: [email protected]
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead-looking info
All statements included on this press launch that tackle actions, occasions or developments that the Firm expects, believes or anticipates will or could happen sooner or later are forward-looking statements. These forward-looking statements contain quite a few assumptions made by the Firm primarily based on its expertise, notion of historic developments, present circumstances, anticipated future developments and different components it believes are applicable within the circumstances. As well as, these statements contain substantial identified and unknown dangers and uncertainties that contribute to the chance that the predictions, forecasts, projections and different forward-looking statements will show inaccurate, sure of that are past the Firm’s management. Readers mustn’t place undue reliance on forward-looking statements. Besides as required by regulation, the Firm doesn’t intend to revise or replace these forward-looking statements after the date hereof or revise them to replicate the prevalence of future unanticipated occasions.
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