Labrador Uranium Announces C$7,000,000 Bought Deal Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, April 11, 2022 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ LUR ” or “ Labrador Uranium ”) (CSE: LUR) (F: EI1) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “ Underwriters ”) pursuant to which the Underwriters have agreed to purchase for resale 5,000,000 flow-through units of LUR to be sold to charitable purchasers (each, a “ Charity FT Unit ”) at a price of C$1.40 per Charity FT Unit (the “ Unit Price ”) on a “bought deal” private placement basis for gross proceeds of C$7,000,000 (the “ Offering ”).

Each Charity FT Unit will consist of one common share of LUR to be issued as a “flow-through share” […]

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