Strathmore Announces Closing Private Placement for Gross Proceeds of $1,100,000

Executive Summary

• Strathmore Plus Uranium Corp. closed a non‑brokered private placement raising $1,100,000 in gross proceeds.
• The offering consisted of 7,333,333 units priced at $0.15 per unit, each unit containing one common share and one warrant to purchase an additional share at $0.25 for 36 months.
• Net proceeds will be used for general working capital and exploration activities on the Company’s Wyoming uranium projects (Agate, Beaver Rim, Night Owl).

Key Details

• Gross Proceeds: $1,100,000
• Units Issued: 7,333,333 units @ $0.15 per unit
• Unit Composition: 1 common share + 1 common share purchase warrant
• Warrant Terms: Right to buy one additional common share at $0.25 per share; exercisable for 36 months from issuance date
• Use of Proceeds: General working capital and exploration of Wyoming uranium properties, including drilling, soil sampling, and geophysical surveys
• Finder’s Fees Paid: $21,375 to eligible finders in accordance with CSE policies
• Statutory Hold Period: All securities subject to a hold period of four months and one day under Canadian securities law
• Regulatory Conditions: Offering pending any final regulatory approvals required by the Canadian Securities Exchange

Notable Quotes

• “The net proceeds of the Offering will be used for general working capital and exploration of the Company's Wyoming uranium properties, including drilling, soil sampling, and geophysical surveys.” – Dev Randhawa, CEO

All boilerplate, forward‑looking statements, and disclaimer language have been omitted for clarity.