CanAlaska Announces up to $1,120,000 Private Placement Financing
TSX Venture Exchange: CVV
NEWS RELEASE
Not for distribution to United States newswire services or for dissemination in the United States.
CanAlaska Announces up to $1,120,000 Private Placement Financing
Vancouver, Canada, February 22, 2017 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF;
Frankfurt: DH7N), (the “Company”) is pleased to announce that, subject to regulatory approval, it intends to raise
up to $1,120,000 by way of a non-brokered private placement of up to 2,000,000 units (“ Units”) at a price of
$0.56/Unit. Each Unit will consist of one common share and one-half (½) of one share purchase warrant. Each
whole warrant will entitle the holder to acquire an additional common share at $0.80/share for a three year period;
provided that after the four month hold period expires, if for 10 consecutive days the closing price of the Company’s
shares on the TSX-V exceeds $1.25, then the Company may anytime thereafter accelerate the expiry date of the
Warrants to the date that is 30 days following the da te on which the Company issues notice to all the Warrant
holders of the new expiry date. The Company will also i ssue a press release on the same date as it issues notice
confirming the new expiry date of the Warrants.
The Company may pay a finder’s fee consisting of cash an d warrants to eligible finders as permitted under
applicable securities laws and TSX-V polic ies. All securities issued in connectio n with this offering will be subject
to a Canadian hold period expiring four months from the date of issuance of such securities. Net proceeds will be
used for acquisitions, and uranium and other mineral exploration in Saskatchewan, Manitoba and Alberta, as well as
for general corporate purposes.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately
500,000 hectares (1.2 million acres), one of the largest land positions in Canada’s Athabasca Basin region – the
"Saudi Arabia of Uranium.” CanAlaska’s strategic holdi ngs have attracted major international mining companies
Cameco, Denison, KORES, and KEPCO. CanAlaska is a pr oject generator positioned for discovery success in the
world’s richest uranium district. For further information visit www.canalaska.com.
On behalf of the Board of Directors
“Peter Dasler”
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: [email protected]
John Gomez
Corporate Development
Tel: +1.604.484.7118
Email: [email protected]
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.
News Release Page 2 February 22, 2017
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 private placement offering and th e use of proceeds of such 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 be lieves are appropriate in the ci rcumstances. 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 th e predictions, forecasts, proj ections and other forward-looki ng
statements will prove inaccurate, certain of which ar e beyond the Company’s control. Readers should not place undue reliance
on forward-looking statements. Except as required by law, the Com pany 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 of fer 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, solicitati on or sale would be unlawful, including any of the securities in the
United States of America. The se curities have not been and will not be registered under the United States Securities Act of 193 3
as amended (the “1933 Act”), or any state se curities laws, and may not be offered or sold within the United States or to, or fo r
account or benefit of, U.S. persons (as defined in Regula tion 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.