Well this won't make you happy... this happened a couple of days ago:
Western Uranium Corporation Announces Closing of Non-Brokered Private Placement
TORONTO and NUCLA, Colo., Dec. 29, 2017 (GLOBE NEWSWIRE) -- Western Uranium Corporation (CSE:WUC) (OTCQX:WSTRF) (“Western” or the “Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) of 426,334 units (the “Units”) for gross proceeds of CAD$383,701, which remains subject to final regulatory approval.
The Company issued the Private Placement Units at a price of CAD$0.90 per Unit. Each Unit consists of one common share of the Company (a "Share") plus one half common share purchase warrant of the Company (each whole such warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one Share at a price of CAD$1.50 for a period of 24 months following the closing date of the Private Placement. A total of 426,334 Shares and 213,167 Warrants are being issued in this Private Placement.
Western intends to use the net proceeds from the Private Placement to fund the Company’s working capital and strategic initiatives.
In connection with the Private Placement, the Company paid CAD$2.079 in finder’s fees plus 2,310 compensation warrants exercisable for 24 months from the closing of Private Placement, each warrant being exercisable at CAD$1.50 per one Share of the Company.
Securities issued pursuant to the Private Placement shall be subject to a six month statutory hold period.
Yep... that's $0.90 CAD.
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Held
