Peterson McVicar Acts for Red Cloud in Standard Uranium CAD$3,000,000 Public Offering
On September 30, 2020 Standard Uranium Ltd. (“Standard Uranium”) announced that it had entered into a letter agreement (the “Agreement”) with Red Cloud Securities Inc. (“Red Cloud”) as lead agent on behalf of a syndicate of agents (collectively, the “Agents”) and had filed and obtained a receipt for a preliminary short form prospectus (the “Preliminary 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 of up to 7,500,000 units of the Company (the “Units”) at a price of C$0.20 per Unit and up to 6,818,181 flow-through units of the Company (the “FT Units”, and collectively with the Units, the “Offered Securities”) at a price of C$0.22 per FT Unit for gross proceeds of up to C$3,000,000 (the “MarketedOffering”). Closing of the Marketed Offering is expected to occur on or around October 29, 2020 (the “Closing Date”).
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