Global Uranium Corp. Announces Private Placement for up to C$1,000,000
March 14 2025 - 8:00AM
Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the
“
Company”) is pleased to announce a non-brokered
private placement for gross proceeds of up to C$1,000,000 (the
“
Offering”).
The Offering is expected to consist of the
offering of units of the Company at a price of C$0.15 per unit
(each, a “Unit”) comprised of one common share of
the Company (each, a “Share”) and one Share
purchase warrant of the Company entitling the holder to acquire one
Share (each, a “Warrant Share”) at a price of
C$0.25 per Warrant Share for a period of twenty-four months from
the date of issuance.
The Company intends to use the net proceeds
raised from the Offering to fund exploration activities on the
Company’s projects, including at the Northwest Athabasca Project,
and general and administrative expenditures, including investor
awareness and promotional expenditures, and for general working
capital purposes.
All securities issued in the Offering will be
subject to a statutory four month and one day hold period. Closing
of the Offering is subject to the Company’s receipt of all
necessary regulatory approvals, including approval of the Canadian
Securities Exchange (the “CSE”). The Offering is
expected to close on or about April 25, 2025.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
ABOUT GLOBAL URANIUM CORP.
Global Uranium Corp. focuses on
exploring and developing uranium assets primarily in North America.
The Company currently holds key uranium projects: the Wing Lake
Property in the Mudjatik Domain of Northern Saskatchewan, Canada;
the Northwest Athabasca Joint Venture with Forum Energy Metals
Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of
Saskatchewan, Canada; and the Great Divide Basin District Projects,
the Gas Hills District Projects, and the Copper Mountain District
Pro-jects in Wyoming, USA.
ON BEHALF OF THE BOARD OF
DIRECTORS
Ungad ChaddaCEO
587-330-0045info@globaluranium.com
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current belief or assumptions as to the outcome and timing of such
future events.
In particular, this press release contains
forward-looking information relating to, among other things, the
Offering, including the total anticipated proceeds, the expected
use of proceeds, and the closing (including the proposed closing
date) of the Offering. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information, including the
assumption that the Company will close the Offering on the timeline
anticipated, will raise the anticipated amount of gross proceeds
from the Offering and will use the proceeds of the Offering as
anticipated. Those assumptions and factors are based on information
currently available to the Company. Although such statements are
based on reasonable assumptions of the Company’s management, there
can be no assurance that any conclusions or forecasts will prove to
be accurate.
Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors include: the risk that the Offering does not close on the
timeline expected, or at all; the risk that the Company raises less
than the anticipated amount of gross proceeds from the Offering;
the risk that the Company does not use the proceeds from the
Offering as currently expected; risks inherent in the exploration
and development of mineral deposits, including risks relating to
receiving requisite permits and approvals, changes in project
parameters or delays as plans continue to be redefined, that
mineral exploration is inherently uncertain and that the results of
mineral exploration may not be indicative of the actual geology or
mineralization of a project; that mineral exploration may be
unsuccessful or fail to achieve the results anticipated by the
Company; operational risks; regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits;
financing, capitalization and liquidity risks; title and
environmental risks; and risks relating to the failure to receive
all requisite regulatory approvals. The forward-looking information
contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not
reviewed, approved, or disapproved the contents of this press
release.
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