Basin Uranium Announces Closing of the First Tranche of Its Private Placement of Units and Flow-Through Shares

Vancouver, British Columbia–(Newsfile Corp. – October 19, 2022) – BASIN URANIUM CORP. (CSE: NCLR) (" Basin Uranium " or the " Company ") is pleased to announce, further to its news release on September 23, 2022, it has closed its first tranche of its previously announced non-brokered private placement (the " Unit Private Placement ") of units of the Company (the " Units ") at a price of $0.15 per Unit and non-brokered private placement (the " FT Private Placement ", and with the Unit Private Placement, the " Private Placements ") of "flow-through shares" of the Company within the meaning of the Income Tax Act (Canada) (each, a " FT Share ") at $0.18 per FT Share. The Company issued 6,249,270 Units and 557,000 FT Shares for aggregate gross proceeds of $1,037,650. Each Unit comprised of one common share in the capital of the Company (each, a " […]

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