Verdera Energy Announces $20 Million Qualifying Transaction Financing

Core Viewpoint - Verdera Energy Corp. and POCML 7 Inc. are progressing with a proposed transaction that will qualify as a Qualifying Transaction under TSX Venture Exchange policies, involving a subscription receipt offering to raise $20 million [1][2]. Offering Details - The offering will consist of 20,000,000 Subscription Receipts priced at $1.00 each, with an option for agents to purchase an additional 15% for up to $3 million [2]. - Upon meeting escrow release conditions, each Subscription Receipt will convert into one common share of Verdera [3]. - Agents will receive a 5% commission on gross proceeds and broker warrants equivalent to 4% of the total Subscription Receipts sold [4]. Escrow and Conditions - At closing, gross proceeds will be placed in escrow, with conditions for release including the completion of the proposed transaction [5]. - If conditions are not met within 90 days, funds will be returned to Subscription Receipt holders [5]. - Completion of the proposed transaction is subject to TSXV acceptance and other conditions [8][11]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and advancement of the Crownpoint and Hosta Butte Project, including drilling, community relations, and general corporate purposes [6]. Company Overview - Verdera Energy Corp. focuses on developing uranium assets in New Mexico, which is the 7th largest uranium-producing district globally, with significant mineral rights in the Grants Uranium District [14]. - The company aims to meet the growing demand for clean domestic uranium through environmentally sound extraction technology [15].