Global Uranium Corp. Moves Forward with C$1.5 Million Offering
Global Uranium Corp. Launches C$1.5 Million Financing Offering
CALGARY, Alberta — Global Uranium Corp. (CSE: GURN | FRA: Q3J) is excited to announce its latest non-brokered private placement financing initiative. This offering aims to raise up to C$1,500,000 through the issuance of between 6,666,666 and 10,000,000 units, priced at C$0.15 per unit. Each unit will consist of one common share and one share purchase warrant, allowing investors to purchase shares at a price of C$0.20 for up to 24 months following the closing date.
Details of the Offering
The closing of this offering is expected to occur shortly, subject to certain conditions including the receipt of necessary regulatory approvals. The gross proceeds from this initiative are earmarked for various purposes including exploration activities and supporting the company's general administrative expenditures and working capital needs.
Compliance and Exemptions
This offering aligns with the provisions outlined in National Instrument 45-106, allowing the securities to be offered for sale across all provinces of Canada except Quebec. Notably, the securities issued under this offering will not be subject to resale restrictions, which adds flexibility for investors in their future financial decisions.
Update on Previous Offerings
It's important to clarify that this offering is independent of a previously announced initiative from June 2025, which the company has elected to discontinue. The offering document associated with this announcement, dated July 22, 2025, provides further insights into the offering and its anticipated use of proceeds. Prospective investors are advised to review this document thoroughly to make informed decisions.
Global Uranium Corp's Focus and Projects
Global Uranium Corp. is dedicated to the exploration and development of uranium assets predominantly located in North America. The company proudly holds several key uranium projects including the Wing Lake Property situated in the Mudjatik Domain of Saskatchewan, the Northwest Athabasca Joint Venture alongside Forum Energy Metals Corp. and NexGen Energy Ltd., and the Astro Uranium Project in the eastern part of Saskatchewan, to name a few.
Future Initiatives
Looking ahead, the funds raised from this offering will significantly bolster the company’s efforts in exploration, advancing development projects, and enhancing operational capabilities. The Company is well-positioned to leverage its assets and expertise, ensuring growth and fostering investor confidence in the burgeoning uranium market.
Contact Information
For more information, interested parties can reach out to:
Ungad Chadda
CEO and Director
Contact: 587-330-0045
Email: info@globaluranium.com
Frequently Asked Questions
What is the purpose of the offering?
The offering aims to raise funds for exploration activities, administrative costs, and working capital.
How many units will be offered?
A minimum of 6,666,666 units and a maximum of 10,000,000 units will be offered at C$0.15 each.
What can investors expect from their warrants?
Each warrant will enable the purchase of additional shares at C$0.20 for a period of 24 months post-closing.
Is there a risk in purchasing these securities?
Yes, as with any investment, there are inherent risks associated with mineral exploration and development that may affect outcomes.
Where can I find more information about the company’s projects?
Detailed information can be accessed through the company's profile on www.sedarplus.ca and their official website.
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