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Financings

Puranium Energy Announces Proposed Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Mar 05, 2026 · 17:02 UX · 0.13 Puranium Energy Ltd.
UX · Price

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.)

Read the original news release →

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