Standard Uranium agrees Cdn$3 million private placement at Cdn$0.08 per unit
Reuters2026/08/07 11:33- Standard Uranium set a Cdn$ 3 million non-brokered private placement with an arm’s length Southeast Asian energy conglomerate.
- Offering: 39,215,686 units at Cdn$ 0.08 each; investor to hold about 19.7% on a non-diluted basis.
- Units include one common share, one-half warrant; warrants exercisable at Cdn$ 0.12 for 36 months, with an accelerated expiry trigger.
- Proceeds earmarked for exploration at the Davidson River Project, working capital, general corporate purposes.
- Investor rights agreement expected to include pro rata financing participation, one board nominee while ownership stays at or above 10%.
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