Transactions

Peterson McVicar Acts for Red Cloud Securities Inc. in Brokered Private Placement with Standard Uranium for up to C$3.5 Million

On June 6, 2022 Standard Uranium Ltd. (“Standard Uranium” or the “Company”) announced that it had entered into a letter agreement (the “Agreement”) with Red Cloud Securities Inc. (“Red Cloud”) to act as lead agent on behalf of a syndicate of agents that includes Canaccord Genuity Corp. (collectively, the “Agents”) in connection with a fully marketed, private placement for gross proceeds of up to C$3,500,000 (the “Offering”) from the sale of any combination of units of the Company (each, a “Unit”) at a price of C$0.11 per Unit and flow-through units of the Company (each, a “FT Unit”, and collectively with the Units, the “Offered Securities”) at a price of C$0.13 per FT Unit.

The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional C$1,000,000 in any combination of Units and FT Units at their respective offering price.

Standard Uranium (TSX-V: STND) (OTCQB: STTDF) is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada.

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