Basin Uranium Announces Non-Brokered Private Placement of Units
Basin Uranium has announced a non-brokered private placement offering of up to 5,000,000 units at $0.15 per unit, aiming to raise gross proceeds of up to $750,000. Each unit consists of one common share and one purchase warrant, with each warrant allowing the purchase of an additional common share at $0.20 for 36 months from closing.
The warrants include an acceleration clause that triggers if the company's shares trade at or above $0.30 for ten consecutive trading days on the CSE. The proceeds will be used for advancing the company's U.S. property portfolio and general corporate purposes. The offering may close in multiple tranches and includes a four-month statutory hold period.
Basin Uranium ha annunciato un'offerta di collocamento privato non mediato di fino a 5.000.000 di unità a $0,15 per unità, con l'obiettivo di raccogliere proventi lordi fino a $750.000. Ogni unità è costituita da un'azione comune e da un warrant di acquisto, con ogni warrant che consente l'acquisto di un'ulteriore azione comune a $0,20 per 36 mesi dalla chiusura.
I warrant includono una clausola di accelerazione che si attiva se le azioni della società vengono scambiate a $0,30 o più per dieci giorni feriali consecutivi sulla CSE. I proventi saranno utilizzati per il progresso del portafoglio immobiliare statunitense della società e per fini aziendali generali. L'offerta potrebbe chiudersi in più tranche e include un periodo di sospensione legale di quattro mesi.
Basin Uranium ha anunciado una oferta de colocación privada no mediada de hasta 5.000.000 de unidades a $0.15 por unidad, con el objetivo de recaudar ingresos brutos de hasta $750,000. Cada unidad consiste en una acción común y una garantía de compra, siendo cada garantía la que permite la compra de una acción común adicional a $0.20 durante 36 meses desde el cierre.
Las garantías incluyen una cláusula de aceleración que se activa si las acciones de la compañía se comercializan a $0.30 o más durante diez días hábiles consecutivos en el CSE. Los ingresos se utilizarán para avanzar en el portafolio de propiedades en EE.UU. de la compañía y para fines corporativos generales. La oferta puede cerrarse en múltiples tramos e incluye un período de retención legal de cuatro meses.
베이신 우라늄은 중개인이 없는 사모 배치 제안을 통해 최대 5,000,000 개의 유닛을 1개당 $0.15에 제공한다고 발표했습니다. 이를 통해 최대 $750,000의 총 수익을 목표로 하고 있습니다. 각 유닛은 하나의 보통주와 하나의 매수 보증서로 구성되며, 각 보증서는 거래가 종료된 후 36개월 동안 $0.20에 추가 보통주를 구매할 수 있게 합니다.
보증서에는 회사의 주식이 CSE에서 연속 10 거래일 이상 $0.30 이상으로 거래되는 경우 발동되는 가속 조항이 포함되어 있습니다. 수익금은 회사의 미국 자산 포트폴리오를 개발하는데 사용될 것이며, 일반 기업 목적에도 사용될 것입니다. 이 제안은 여러 단계로 종료될 수 있으며, 4개월의 법적 보류 기간이 포함됩니다.
Basin Uranium a annoncé une offre de placement privé non intermédiaire de jusqu'à 5 000 000 d'unités au prix de 0,15 $ par unité, visant à lever des revenus bruts allant jusqu'à 750 000 $. Chaque unité est composée d'une action ordinaire et d'un bon de souscription, chaque bon permettant d'acheter une action ordinaire supplémentaire à 0,20 $ pendant 36 mois à compter de la clôture.
Les bons de souscription incluent une clause d'accélération qui se déclenche si les actions de l'entreprise se négocient à 0,30 $ ou plus pendant dix journées de négociation consécutives sur la CSE. Les fonds seront utilisés pour faire avancer le portefeuille immobilier américain de l'entreprise et à des fins corporatives générales. L'offre peut être clôturée en plusieurs tranches et comprend une période de blocage légale de quatre mois.
Basin Uranium hat eine nicht vermittelte private Platzierung von bis zu 5.000.000 Einheiten zu je $0,15 pro Einheit angekündigt, mit dem Ziel, brutto Einnahmen von bis zu $750.000 zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Kaufschein, wobei jeder Schein den Kauf einer zusätzlichen Stammaktie zu $0,20 für 36 Monate nach dem Abschluss erlaubt.
Die Scheine enthalten eine Beschleunigungsklausel, die in Kraft tritt, wenn die Aktien des Unternehmens an der CSE zehn aufeinanderfolgende Handelstage bei oder über $0,30 gehandelt werden. Die Einnahmen werden verwendet, um das Immobilienportfolio des Unternehmens in den USA voranzutreiben und allgemeine Unternehmenszwecke zu unterstützen. Die Platzierung kann in mehreren Tranchen schließen und beinhaltet eine viermonatige gesetzliche Haltedauer.
- Potential to raise up to $750,000 in new capital
- 36-month warrant term provides extended financing flexibility
- Warrant exercise would bring additional $1,000,000 at $0.20 per share
- Potential dilution for existing shareholders
- Offering price of $0.15 per unit may represent a discount to market price
- No minimum subscription amount specified
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Basin Uranium Corp. (CSE: NCLR) (CNSX: NCLR.CN) ("Basin Uranium" or the "Company") is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company (the "Units") at a price of
The Company intends to use the net proceeds from the Offering for advancement of its United States property portfolio and general corporate and working capital purposes. The Offering may close in one or more tranches as the Company may determine.
The Company may pay a finder's fee in connection with the Offering to eligible arm's length finders in accordance with the policies of the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day following the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions.
All references to currency in this news release are to Canadian currency.
About Basin Uranium Corp.
Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The Company has four advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass project in Wyoming, and the Wray Mesa project in Utah. All four projects have seen extensive historical exploration and located in prospective development areas. The Company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada in addition to the CHG gold project in south-central British Columbia.
For further information, please contact Mr. Mike Blady or view the Company's filings at www.sedarplus.ca.
On Behalf of the Board of Directors
Mike Blady
Chief Executive Officer
info@basinuranium.ca
604-722-9842
Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation, or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions, or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events, or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news released. These forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234992
FAQ
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