Puranium Energy Announces Proposed Non-Brokered Private Placement

Executive Summary

• Puranium Energy Ltd. announced a non‑brokered private placement of up to 7,252,781 Units at $0.08 per Unit, targeting gross proceeds of approximately $580,223 CAD.
• Each Unit consists of one common share and one warrant allowing the purchase of an additional share at $0.125 for 36 months after closing.
• Proceeds will be used for general working capital, including roughly $185,000 to settle outstanding creditor obligations.

Key Details

• Units Offered: Up to 7,252,781 Units.
• Unit Price: $0.08 CAD per Unit.
• Gross Proceeds Target: Approximately $580,223 CAD.
• Composition of Each Unit:
• 1 common share.
• 1 common share purchase warrant (right to buy one additional common share at $0.125 CAD).
• Warrant Terms: Exercise price $0.125 CAD; exercisable for 36 months from the closing date of the offering.
• Statutory Hold Period: All securities subject to a four‑month‑and‑one‑day hold period and will be legended accordingly.
• Finder’s Fees: No finder’s fees will be paid in connection with this offering.
• Use of Proceeds: General working capital; approximately $185,000 earmarked for settlement of amounts owed to various creditors.

Notable Quotes

(No direct quotes from management were included in the release.)