CALGARY, Alberta, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE:GURN, FRA: Q3J)) (the "Company") announces that it has closed its previously announced non-brokered private placement of 10,000,001 units of the Company (each, a "Unit"), at a price of C$0.15 per Unit, for gross proceeds of C$1,500,000 (the "Offering").
Each Unit is comprised of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one Share at a price of C$0.20 for a period of 24 months from date of issuance. The net proceeds from the Offering are intended to be used for exploration activities, general administrative expenditures, and general working capital purposes.
The Units were issued pursuant to the "listed issuer financing exemption" under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45- 935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption") (the "Offering"). Accordingly, the securities issued to subscribers are not subject to resale restrictions.
In connection with the Offering, the Company issued 130,980 non-transferable finders warrants (the "Finder's Warrants") to an eligible finder. Each Finder's Warrant entitles the holder thereof to acquire one Warrant Share at a price of $0.20 per Warrant Share for a period of 24 months following the date of issuance. The Finder's Warrants are subject to a four-month and one-day hold period.
The securities described herein have not been and will not be registered under the United States ...
