Basin Uranium Announces Warrant Re-Pricing

Vancouver, British Columbia–(Newsfile Corp. – September 26, 2023) – Basin Uranium Corp. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP) (" Basin Uranium " or the " Company ") announces that it intends to re-price a total of 2,503,306 post-Consolidation (defined herein) common share purchase warrants (the " Warrants "). The Warrants were originally issued pursuant to a non-brokered private placement, which closed in two tranches on October 19, 2022 and November 15, 2022.

The original exercise price of the Warrants was $0.25, but following the Company’s 4-to-1 share consolidation (the " Consolidation ")effected on June 26, 2023, the Warrants exercise price was adjusted to $1.00. 1,562,315 Warrants are currently due to expire on October 19, 2024 and 940,991 Warrants are due to expire on November 25, 2024. The Company intends to amend the exercise price of the Warrants from $1.00 to $0.35 effective September 27, 2023 (the " Proposed Amendment […]

Click here to view original web page at stockhouse.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.