Labrador Uranium Announces Upsize of Bought Deal Private Placement to C$8.0 Million

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 due to significant investment demand, LUR has agreed to amend its agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “ Underwriters ”), to increase the size of LUR’s previously announced bought deal private placement from C$7.0 million to C$8.0 million. Under the revised offering, the Underwriters have agreed to purchase for resale 5,715,000 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 […]

Click here to view original web page at www.digitaljournal.com

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.