14:50:41 EDT Sun 13 Oct 2024
Enter Symbol
or Name
USA
CA



Strathmore Plus Uranium Corp
Symbol SUU
Shares Issued 45,138,816
Close 2024-02-06 C$ 0.51
Market Cap C$ 23,020,796
Recent Sedar Documents

Strathmore Plus arranges $2-million private placement

2024-02-06 16:30 ET - News Release

Mr. Dev Randhawa reports

STRATHMORE ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$2,000,000

Strathmore Plus Uranium Corp. has arranged a non-brokered private placement to raise minimum gross proceeds of $1.5-million from the sale of three million units of the company at a price of 50 cents per unit, and maximum gross proceeds of $2-million from the sale of up to four million units, at the offering price. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.

Each unit consists of one common share of the company and one-half common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 70 cents per share for a period of 24 months following the issue date of the units.

Proceeds from the offering will be used for working capital and further exploration of the company's Wyoming properties.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the approval of the listing of the common shares issuable from the sale of the units on the TSX Venture Exchange. The common shares issuable from the sale of the units and upon the exercise of the warrants will be subject to a hold period ending on the date that is four months and one day from the issue date of the unit in accordance with applicable securities laws. A finder's fee may be paid on a portion of the proceeds from the offering.

About Strathmore Plus Uranium Corp.

Strathmore has three fully permitted uranium projects in Wyoming, including Agate, Beaver Rim and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical drilling data. The Night Owl property is a former-producing surface mine that was in production in the early 1960s.

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