CanAlaska Announces Over-Subscription of Private Placement Financing
CanAlaska Announces Over-Subscription of Private
Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2018) -
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
) (FSE:
DH7N
)
,
(the "
Company
") announces that further to its news release of January 30, 2018, it has received
interest above the previously announced $510,000, and accordingly intends to increase its non-brokered private placement to
$585,759.82 (1,722,823 Units), subject to TSXV approval.
All other terms of the offering remain as set out in the Company's
January 30, 2018 news release.
The Company intends to close this offering immediately upon receipt of regulatory approval.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
) (FSE:
DH7N
) holds interests in approximately 152,000 hectares
(375,000 acres) in Canada's Athabasca Basin region — the "Saudi Arabia of Uranium."
CanAlaska is currently working with
Cameco and Denison at two of the company's properties in the eastern Athabasca basin. CanAlaska is a project generator
positioned for discovery success in the world's richest uranium district. The company also holds properties prospective for
nickel, copper, gold and diamonds. For further information visit
www.canalaska.com
.
On behalf of the Board of Directors,
Peter Dasler
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.
Contacts:
Peter Dasler
President
Tel: +1.604.688.3211
x 138
Email:
John Gomez
Corporate Development
Tel: +1.604.484.7118
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are forward-looking statements.
In particular, this news release contains
forward-looking information regarding the
increased
private placement
offering.
These forward-looking statements involve
numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions,
expected future developments and other factors it believes are appropriate in the circumstances.
These assumptions
include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation;
and market demand for, and market acceptance of, the offering.
In addition, these statements involve substantial known and
unknown risks and
uncertainties
that contribute to the possibility that the predictions, forecasts, projections and other forward-
looking statements will prove inaccurate, certain of which are beyond the Company's control.
Readers should not place
undue reliance on forward-looking statements.
Except as required by law, the Company does not intend to revise or update
these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the
United States of America. The securities have not been and will not be registered under the United States Securities Act of
1933 as amended (the "1933 Act"), or any state securities laws, and may not be offered or sold within the United States or to,
or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such registration requirements is available.
Not for distribution to United States newswire services or for dissemination in the United States.