Core Points - CanAlaska Uranium Ltd. has completed a bought deal private placement of 8,400,000 flow-through shares at a price of $1.19 per share, resulting in gross proceeds of $9,996,000 [2][3] - The offering was led by Cormark Securities Inc. and included Desjardins Capital Markets, with a total cash commission of $599,760 paid to the underwriters [3] - The proceeds will be used for eligible Canadian exploration expenses related to the company's projects in Saskatchewan, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2024 [5] Company Overview - CanAlaska Uranium Ltd. is a Canadian exploration company focused on high-grade unconformity uranium deposits, holding interests in approximately 500,000 hectares in Canada's Athabasca Basin [7] - The company is advancing the Pike Zone discovery on its West McArthur Joint Venture project and has several other uranium-focused exploration programs [7] - CanAlaska employs a hybrid project generator model, acquiring and selling prospective projects while executing exploration programs on strategic land holdings [7]
CanAlaska Announces Closing of $9,996,000 Bought Deal Private Placement of Flow-Through Shares