Keeping the lights on.... TORONTO and NUCLA, Colo., Sept. 15,...

Keeping the lights on....


TORONTO and NUCLA, Colo., Sept. 15, 2017 (GLOBE NEWSWIRE) -- Western Uranium Corporation (CSE:WUC) (OTCQX:WSTRF) (“Western” or the ”Company”) is pleased to announce a closing of a non-brokered private placement (the “Private Placement”) of 534,763 units (the ”Units”) for gross proceeds of CAD$481,287, 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 (1) 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$1.40 for a period of five years following the Closing Date of the Private Placement.

Western intends to use the net proceeds from the Private Placement to fund the Company’s resource holdings, working capital, and advancement of ablation technology.

In connection with the Private Placement, the Company paid CAD$19,576 in finder’s fees plus 21,751 compensation warrants exercisable for two years, each warrant being exercisable at CAD$1.40 per one Share of the Company.
Securities issued pursuant to the Private Placement shall be subject to a six month statutory hold period.

Read more at http://www.stockhouse.com/news/pres...-million-closing-of-a-non#PR5BVVjaAMJP5p4O.99