Strathmore Announces Private Placement up to $1M

Executive Summary

• Strathmore Plus Uranium Corp. announced a non‑brokered private placement to raise up to C$1,000,000 by issuing 6,666,666 units at C$0.15 per unit.
• Each unit includes one common share and one warrant exercisable at $0.25 per share for 36 months; securities will be subject to a four‑month hold period.
• Net proceeds are earmarked for working capital and further exploration of the Company’s Wyoming uranium projects.

Key Details

• Units Offered: 6,666,666 units (each = 1 common share + 1 warrant).
• Price per Unit: C$0.15.
• Maximum Gross Proceeds: C$1,000,000.
• Warrant Terms: Exercise price $0.25 per share; exercisable for 36 months from the issue date.
• Hold Period: Four (4) months and one day from closing, in accordance with securities laws.
• Use of Proceeds: Working capital and additional exploration on Wyoming properties (Agate, Beaver Rim, Night Owl).
• Insider Participation: Insiders expected to participate; treated as a related‑party transaction under MI 61‑101 but anticipated to be exempt from formal valuation and minority‑shareholder approval requirements.
• Closing Conditions: Subject to receipt of subscriptions, regulatory approvals (if required), and other customary conditions.
• Finder’s Fees/Commissions: May be paid in connection with the financing.

Notable Quotes

• “The private placement will provide essential capital to advance our exploration program in Wyoming and support ongoing operations,” – Dev Randhawa, CEO.