WSTRF - Western Uranium & Vanadium Corp. Announces Brokered LIFE Financing Up to 7.25 Million | Benzinga
Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) ("Western" or the "Company") is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC ("A.G.P. Canada") pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a "best efforts" agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the "Offering"). Each unit to be placed in the Offering (each, a "Unit") will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per share, for a period of four (4) years.
The Units to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption ("LIFE") under Part 5A of National Instrument 45-106– Prospectus Exemptions in all the provinces of Canada, except Québec, and in certain other jurisdictions pursuant to applicable securities laws. The securities issuable pursuant to the LIFE exemption will not be subject to any statutory hold period under applicable Canadian securities laws. Western has prepared and filed an offering document (the "Offering Document") relating to the Offering that can be accessed under the Company's profile at www.sedarplus.com, as well as on the Company's website at www.western-uranium.com. Prospective investors should read the ...