Traction Uranium Corp. Closes First Tranche of Private Placement

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CALGARY, Alberta, Dec. 09, 2022 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the “ Company ” or “ Traction ”) ‎(CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “ First Tranche
Private Placement ”) for aggregate gross proceeds of approximately C$2,513,105.00. Article content
The Company issued 7,180,300 flow-through units (each, a “ Flow-Through Unit ”) at a price of C$0.35 per Flow-Through Unit. Each Flow-Through Unit consists of one (1) common share (each, a “ FT Share ”) and one half (1/2) common share purchase warrant (each, a “ FT Warrant ”). Each whole FT Warrant is exercisable into one (1) common share of the Company (each a “ Share ”) at an exercise price of C$0.40 […]

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