Uranium Corporation Globally Adjusts Offering under LIFE Project for a Worth of Canadian Dollars 1.5 Million
Global Uranium Company, a uranium exploration corporation, has announced amendments to the terms of its previously announced financing. The amended financing, known as the Amended Offering, is anticipated to close on or about September 19, 2025.
Under the Amended Offering, each Unit will consist of one common share and one Share purchase warrant. The price per Unit will be C$0.15. Each Warrant will entitle the holder to purchase one Share at a price of C$0.20 for a period of 24 months from the Closing Date.
The Company has set a minimum amount of C$1,500,000 to be raised under the Amended Offering. The net proceeds of the Offering are intended to be used for exploration activities, general administrative expenditures, and general working capital purposes.
However, it's important to note that the Company may not use the proceeds from the Offering as currently expected. The Offering may not raise the anticipated amount of gross proceeds, and it may not close on the anticipated timeline or at all.
Risks associated with the Offering include the failure to close, raising less than anticipated gross proceeds, and not using proceeds as planned. Additionally, mineral exploration involves inherent uncertainties and risks, including the possibility of unsuccessful results.
Investors are advised not to place undue reliance on forward-looking information due to the risks, uncertainties, and assumptions contained therein. The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
The Company plans to complete a non-brokered private placement financing under the Amended Offering. Ungad Chadda, CEO and Director of Global Uranium Company, leads the company.
For more information about Global Uranium Company, please contact 587-330-0045 or [email protected].
