Basin Uranium Announces Closing of Non-Brokered Private Placement for Aggregate Proceeds of $2,500,630

(CNSX:NCLR.CN) (“Basin Uranium” or the “Company”) is pleased to announce that, further to its news release dated October 31, 2021, it has closed its non-brokered private placement of 7,144,661 common shares (the “Shares”) at a price of CAD $0.35 per Share for the total gross proceeds of CAD $2,500,630 (the “Financing”).

In connection with the Financing, the Company paid finders’ fees of CAD $52,037 and issued a total of 253,544 finders’ warrants, of which 212,115 entitles the holder to purchase one Share at a price of CAD $0.70 and 41,429 entitles the holder to purchase one Share at a price of CAD $0.35 for 24 months from the date of closing of the Financing.

All securities issued in the Financing are subject to a four-month hold period expiring March 6, 2022.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended […]

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