Consolidated Uranium Announces Closing of C$8.0 Million Private Placement by Labrador Uranium Inc.

Each Subscription Receipt entitles the holder thereof to automatically receive, upon satisfaction of certain escrow release conditions (the “ Escrow Release Conditions ”), one unit of LUR (a “ Unit ”). Each Unit shall be comprised of one class B common share of LUR (each, a “ Unit Share ”) and one-half of one common share purchase warrant of LUR (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder to purchase one class B common share of LUR (each, a “ Warrant Share ”) at a price of C$1.05 for a period of 24 months following the Escrow Release Date (as defined herein). The Escrow Release Conditions includes the satisfaction of all conditions precedent to the completion of the Spin-Out as well as receipt of conditional approval for the listing of LUR’s class B common shares (the “ Common Shares ”) on the Canadian Securities […]

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