20:39:45 EDT Tue 15 Oct 2024
Enter Symbol
or Name
USA
CA



Strathmore Plus Uranium Corp
Symbol SUU
Shares Issued 47,977,916
Close 2024-04-12 C$ 0.43
Market Cap C$ 20,630,504
Recent Sedar Documents

Strathmore Plus to list on CSE, delist from TSX-V

2024-04-12 20:09 ET - News Release

Mr. Dev Randhawa reports

STRATHMORE ANNOUNCES INTENTION FOR CSE LISTING AND ISSUANCE OF SHARES FOR DEBT

Strathmore Plus Uranium Corp. intends to apply to list its common shares on the Canadian Securities Exchange and to apply to the TSX Venture Exchange to delist its common shares.

The company believes listing the common shares on the CSE will deliver additional value to the shareholders as a result of the company being subject to reduced filing fees, and lower legal and compliance costs. Completion of the listing of the common shares on the CSE is subject to the company's application to delist being accepted by the TSX-V and acceptance of the company's application to list by the CSE.

The company further announces that pursuant to a previous release (of Feb. 28, 2024), it has closed debt settlement agreements to settle an aggregate amount of $95,000 in outstanding debt in exchange for the issuance of 190,000 common shares. The common shares are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

A total of 105,000 of the shares issued pursuant to the debt settlement were issued to insiders of the corporation, and as such, it is a related-party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101. The company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the insider participation.

About Strathmore Plus Uranium Corp.

Strathmore Plus 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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