International Consolidated Uranium Closes Oversubscribed C$5.5 Million Private Placement

VANCOUVER, BC, Dec. 30, 2020 /CNW/ – International Consolidated Uranium Inc. (" CUR " or the " Company ") (TSXV: CUR ) is pleased to announce that, further to its press releases from December 15, 2020, the Company has closed a non-brokered private placement financing of units of the Company (the " Units ") at a price of C$0.80 per Unit, for gross proceeds of C$5,500,000 (the " Offering "). Red Cloud Securities Inc. (" Red Cloud ") acted as a finder in connection with the Offering.

Each Unit is comprised of one common share (" Common Share ") of the Company and one-half of one whole common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share for a period of three years from the closing of the Offering at a price of C$1.20 per Common Share.

The net […]

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