Premier American Uranium Announces Closing of Bought Deal Private Placement for Gross Proceeds of C$15 Million

Executive Summary

• Premier American Uranium Inc. closed a bought‑deal private placement for gross proceeds of approximately C$15 million, including full exercise of the underwriter’s option.
• The offering sold 16,666,666 units at C$0.90 per unit; each unit contains one common share and half of a warrant to purchase an additional share at C$1.26 (exercisable until Feb 3 2029).
• Net proceeds will be used to fund exploration and advancement of uranium projects in New Mexico and Wyoming, as well as for working capital and general corporate purposes.

Key Details

• Units sold: 16,666,666 at C$0.90 per unit → gross proceeds ≈ C$15 M.
• Unit composition: 1 common share + ½ warrant (full warrant = right to buy one share at C$1.26).
• Warrant terms: Exercise price C$1.26, exercisable any time on or before Feb 3 2029.
• Underwriters: Lead underwriter/sole bookrunner – Red Cloud Securities Inc.; co‑underwriters – Haywood Securities Inc. and Beacon Securities Ltd.
• Underwriter compensation: Cash fees of C$823,468.46 plus 914,964 non‑transferable broker warrants (each exercisable at the offering price, same expiry as above).
• Insider participation: IsoEnergy Ltd. and Sachem Cove Special Opportunities Fund to purchase 2,556,500 units for C$2,300,850 (related‑party transaction exempt from valuation/approval thresholds).
• Incentive stock options: Grant of 2,115,000 options to directors/officers/consultants/advisors at $0.90 per share, five‑year term, vesting over three years; pending TSXV approval.
• Use of proceeds: Exploration and advancement of uranium projects in New Mexico & Wyoming; working capital and general corporate purposes.
• Regulatory notes: Closing subject to final TSX Venture Exchange approval; units issued under NI 45‑106 exemptions (Canadian purchasers freely tradeable; non‑Canadian purchasers not subject to a four‑month hold).

Notable Quotes

(No direct quotes provided in the release.)