Standard Uranium enters letter agreement with Red Cloud Securities for a fully marketed, private placement for gross proceeds of up to C$3.5M

The placement will see the sale of any combination of units of the company at a price of C$0.11 per unit and flow-through units (FT unit) at a price of C$0.13 per FT unit Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) said it has entered into a letter agreement with Red Cloud Securities Inc to act as lead agent on behalf of a syndicate of agents that includes Canaccord Genuity (TSX:CF, LSE:CF) Corp, in connection with a fully marketed, private placement for gross proceeds of up to C$3.5 million.

The net proceeds raised from the offering will be used for the exploration of the company’s Davidson River Project and for working capital purposes.

The placement will see the sale of any combination of units of the company at a price of C$0.11 per unit and flow-through units (FT unit) at a price of C$0.13 per FT unit.

Each unit will consist of one common […]

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