CanAlaska Completes $5M Private Placement Financing
CanAlaska Completes $5M Private Placement
Financing
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2024) -
CanAlaska Uranium Ltd.
(TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7)
("
CanAlaska
" or the "
Company
") is pleased to
announce that it has closed its fully-subscribed non-brokered private placement (the "
Offering
")
previously announced on September 6, 2024.
Under the Offering, the Company has issued 7,692,307
common shares for gross proceeds of $4,999,999.55.
The Company paid a total of $249,999.98 in
finder's fees in connection with the Offering.
All shares issued under the Offering are subject to a hold period expiring January 14, 2025, in
accordance with applicable securities laws and the policies of the TSX Venture Exchange ("
TSXV
").
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) is a Canadian based exploration
company and holds interest in approximately 500,000 hectares (1,235,000 acres) in Canada's
Athabasca Basin focused on exploration and discovery of high-grade unconformity uranium deposits.
The Company is actively advancing the Pike Zone discovery - a new high-grade uranium discovery on its
West McArthur Joint Venture project in the eastern Athabasca Basin. In addition, the Company has
several other uranium-focused exploration programs. CanAlaska deploys a hybrid project generator
model, focusing on the acquisition and sale of prospective projects, while also executing exploration
programs on CanAlaska's most strategic land holdings. The Company's extensive portfolio has attracted
international mining companies, including Cameco Corporation and Denison Mines as active partners.
CanAlaska is led by an experienced team of professionals with a proven track record of discovery.
The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver,
BC, Canada. For further information visit
www.canalaska.com
.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for
this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium
Ltd., who has reviewed and approved its contents.
On behalf of the Board of Directors
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, CEO and President
General Enquiry
Tel: +1.306.668.6900
Tel: +1.306.668.6915
Email:
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.
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. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/223208