Peterson McVicar acts for Red Cloud in Standard Uranium $4,500,000 Public Offering
Further to the previously announced Offering, on June 26, 2020, Standard Uranium announced that it had closed its short form prospectus Offering, raising gross proceeds of C$4,500,000 through the issuance of 9,613,500 of units (“Units”) and 11,715,000 flow-through units (“FT Units”), including C$500,000 worth of Units and FT Units issued pursuant to the exercise by the agents of the over-allotment option.
On June 21, 2020 Standard Uranium Ltd. (“Standard Uranium” or the “Company”) announced that it had entered into a letter agreement with Red Cloud Securities Inc. as lead agent on behalf of a syndicate of agents and has filed and obtained a receipt for a Preliminary Short Form Prospectus (with the securities regulators in each of the Provinces of Canada other than the Province of Québec), pursuant to which the Company proposes to complete a public offering (the “Offering”) of units for gross proceeds of C$3,000,000. Closing of the Offering is expected to occur on or around June 25, 2020.
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