Correction to Press Release entitled U3O8 Corp. Announces Upsizing of Previously Announced C$500,000 Financing to C$1,000,000

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) — U3O8 Corp. ( NEX: UWE.H ), (“ U3O8 ” or the “ Company ”) wishes to correct the press release issued on February 12, 2021. The Company announces that it is increasing the size of the non-brokered private placement of units of the Company (“ Units ”) originally announced on January 27, 2021 from $500,000, to gross proceeds of up to $1,000,000 (the “ Offering ”).

Pricing
The Company intends to sell up to 6,666,666 Units at a price of C$0.15 per Unit. Each Unit shall consist of a common share of the Company (a “ Common Share ”) and a common share purchase warrant (a “ Warrant ”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of C$0.20 […]

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