Traction Uranium Announces LIFE Offering for up to C$833,400
Globenewswire·2025-07-25 23:59

Group 1 - Traction Uranium Corp. intends to complete a private placement financing of units at a price of C$0.18 per Unit, with each Unit consisting of one common share and one share purchase warrant [1] - Each warrant will allow the holder to purchase one share at a price of C$0.24 during a specified period, with the offering expected to close around August 8, 2025, contingent on placing a minimum of 2,777,777 Units for gross minimum proceeds of C$500,000 [1][10] - The securities will be offered for sale to purchasers in all provinces of Canada except Quebec, under the listed issuer financing exemption, meaning they will not be subject to resale restrictions [2] Group 2 - The company has entered into a second amending agreement with the optionor for the Hearty Bay Project, extending the due date for certain cash payments and exploration expenditures by one year in exchange for 400,000 additional common shares [4][5] - The additional shares issued to the optionor will be subject to a four-month hold [5] Group 3 - The offering document related to the financing can be accessed on the company's profile and website, containing further details about the offering and the expected use of proceeds [3] - Traction Uranium Corp. is engaged in mineral exploration and development in Canada, including a uranium project in the Athabasca Region [7]