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Financings

Canadian Uranium closes $1-million private placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 17:51 CANU · 0.33 Canadian Uranium Corp
CANU · Price

Executive Summary

  • Canadian Uranium Corp. closed a non‑brokered private placement of 4 million common shares at $0.25 per share, raising gross proceeds of $1 million.
  • Shares are subject to a hold period of four months and one day; a $64,000 finder’s fee was paid in cash at closing.
  • Net proceeds will be allocated to the second assignment fee, exploration work on its properties, and general working capital.

Key Details

  • Placement Size: 4 million common shares.
  • Price per Share: $0.25.
  • Gross Proceeds: $1,000,000.
  • Hold Period: Shares locked for 4 months + 1 day from issuance date.
  • Finder’s Fee: $64,000 paid in cash at closing.
  • Use of Net Proceeds:
  • Payment of the second assignment fee.
  • Funding exploration activities on Canadian Uranium’s Athabasca Basin properties.
  • General working capital needs.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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