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CanAlaska Completes $5M Private Placement Financing

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CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) has successfully closed its fully-subscribed non-brokered private placement, raising $4,999,999.55 in gross proceeds. The company issued 7,692,307 common shares as part of the offering, which was initially announced on September 6, 2024. CanAlaska paid $249,999.98 in finder's fees related to the transaction. All shares issued are subject to a hold period ending January 14, 2025, in compliance with applicable securities laws and TSX Venture Exchange policies. This financing strengthens CanAlaska's financial position, potentially supporting future exploration and development activities in the uranium sector.

CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) ha chiuso con successo il suo collocamento privato non mediato, raccogliendo 4.999.999,55 dollari in proventi lordi. L'azienda ha emesso 7.692.307 azioni ordinarie come parte dell'offerta, annunciata inizialmente il 6 settembre 2024. CanAlaska ha pagato 249.999,98 dollari di commissioni per il mediatore relative alla transazione. Tutte le azioni emesse sono soggette a un periodo di blocco che termina il 14 gennaio 2025, in conformità con le leggi sui valori mobiliari applicabili e le politiche della TSX Venture Exchange. Questo finanziamento rafforza la posizione finanziaria di CanAlaska, potenzialmente supportando attività future di esplorazione e sviluppo nel settore dell'uranio.

CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) ha cerrado con éxito su colocación privada no mediada, recaudando 4.999.999,55 dólares en ingresos brutos. La compañía emitió 7.692.307 acciones ordinarias como parte de la oferta, que fue anunciada inicialmente el 6 de septiembre de 2024. CanAlaska pagó 249.999,98 dólares en tarifas de intermediación relacionadas con la transacción. Todas las acciones emitidas están sujetas a un período de bloqueo que finaliza el 14 de enero de 2025, en cumplimiento con las leyes de valores aplicables y las políticas de la TSX Venture Exchange. Este financiamiento fortalece la posición financiera de CanAlaska, apoyando potencialmente futuras actividades de exploración y desarrollo en el sector del uranio.

CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF)는 성공적으로 중개인 없는 사모펀드를 종료하고 4,999,999.55달러의 총 수익을 올렸습니다. 이 회사는 2024년 9월 6일 처음 발표된 제안의 일환으로 7,692,307주의 보통주를 발행했습니다. CanAlaska는 거래와 관련해 249,999.98달러의 중개 수수료를 지불했습니다. 발행된 모든 주식은 관련 증권법 및 TSX 벤처 거래소 정책에 따라 2025년 1월 14일 종료되는 보유 기간에 따라 제한됩니다. 이번 자금 조달은 CanAlaska의 재무 상태를 강화하고, 미래의 우라늄 분야 탐사 및 개발 활동을 지원할 수 있습니다.

CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) a réussi à clore sa placement privé non intermédié, levant 4.999.999,55 dollars en produits bruts. La société a émis 7.692.307 actions ordinaires dans le cadre de l'offre, initialement annoncée le 6 septembre 2024. CanAlaska a payé 249.999,98 dollars de frais de courtage liés à la transaction. Toutes les actions émises sont soumises à une période de blocage se terminant le 14 janvier 2025, conformément aux lois sur les valeurs mobilières applicables et aux politiques de la TSX Venture Exchange. Ce financement renforce la position financière de CanAlaska, soutenant potentiellement de futures activités d'exploration et de développement dans le secteur de l'uranium.

CanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und 4.999.999,55 Dollar an Bruttoeinnahmen gesammelt. Das Unternehmen hat im Rahmen des Angebots, das erstmals am 6. September 2024 angekündigt wurde, 7.692.307 Stammaktien ausgegeben. CanAlaska zahlte 249.999,98 Dollar an Vermittlungsgebühren im Zusammenhang mit der Transaktion. Alle ausgegebenen Aktien unterliegen einer Haltedauer bis zum 14. Januar 2025, entsprechend den geltenden Wertpapiergesetzen und den Richtlinien der TSX Venture Exchange. Diese Finanzierung stärkt die finanzielle Position von CanAlaska und könnte zukünftige Erkundungs- und Entwicklungsaktivitäten im Uransektor unterstützen.

Positive
  • Successful completion of a $5 million private placement
  • Fully-subscribed offering indicates strong investor interest
  • Strengthened cash position to support company operations and potential projects
Negative
  • Dilution of existing shareholders due to issuance of 7,692,307 new common shares
  • $249,999.98 paid in finder's fees, reducing net proceeds from the offering

Vancouver, British Columbia--(Newsfile Corp. - September 13, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to announce that it has closed its fully-subscribed non-brokered private placement (the "Offering") previously announced on September 6, 2024. Under the Offering, the Company has issued 7,692,307 common shares for gross proceeds of $4,999,999.55. The Company paid a total of $249,999.98 in finder's fees in connection with the Offering.

All shares issued under the Offering are subject to a hold period expiring January 14, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("TSXV").

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) is a Canadian based exploration company and holds interest in approximately 500,000 hectares (1,235,000 acres) in Canada's Athabasca Basin focused on exploration and discovery of high-grade unconformity uranium deposits. The Company is actively advancing the Pike Zone discovery - a new high-grade uranium discovery on its West McArthur Joint Venture project in the eastern Athabasca Basin. In addition, the Company has several other uranium-focused exploration programs. CanAlaska deploys a hybrid project generator model, focusing on the acquisition and sale of prospective projects, while also executing exploration programs on CanAlaska's most strategic land holdings. The Company's extensive portfolio has attracted international mining companies, including Cameco Corporation and Denison Mines as active partners. CanAlaska is led by an experienced team of professionals with a proven track record of discovery.

The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver, BC, Canada. For further information visit www.canalaska.com.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who has reviewed and approved its contents.

On behalf of the Board of Directors
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, CEO and PresidentGeneral Enquiry
Tel: +1.306.668.6900Tel: +1.306.668.6915
Email: cbelyk@canalaska.comEmail: info@canalaska.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223208

FAQ

How much did CanAlaska Uranium (CVVUF) raise in its recent private placement?

CanAlaska Uranium (CVVUF) raised $4,999,999.55 in gross proceeds through its recent non-brokered private placement.

When does the hold period for CanAlaska Uranium's (CVVUF) newly issued shares expire?

The hold period for CanAlaska Uranium's (CVVUF) newly issued shares expires on January 14, 2025.

How many common shares did CanAlaska Uranium (CVVUF) issue in its September 2024 private placement?

CanAlaska Uranium (CVVUF) issued 7,692,307 common shares in its September 2024 private placement.

What amount did CanAlaska Uranium (CVVUF) pay in finder's fees for its recent financing?

CanAlaska Uranium (CVVUF) paid $249,999.98 in finder's fees for its recent financing.

CANALASKA URANIUM LTD

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