Western Uranium Corporation Announces Third Tranche of Non-Brokered Private Placement
TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - May 13, 2016) - Western Uranium Corporation (CSE:WUC) (OTC PINK:WSTRF) ("Western" or the "Company") announces that it has closed a third and final tranche of its previously announced non-brokered private placement. (See Western's news releases dated April 29, 2016, and May 5, 2016). At this closing, the Company raised gross proceeds of Cdn$34,000 through the issuance of 20,000 units at a price of Cdn$1.70 per unit. The total raised under the three tranches of this non-brokered private placement (the "Offering") of 465,347 units at a price of Cdn$1.70 per unit (the "Units") is therefore Cdn$791,090, subject to regulatory compliance.
Each Unit consists of one common share of the Company (a "Share") plus one (1) common share purchase warrant of the Company (each whole such warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Share at a price of Cdn$2.60 for a period of 5 years
BLR Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
