On March 4, 2021, International Consolidated Uranium Inc. completed a bought deal private placement of 5,025,000 units at a price of $1.20 per unit for gross proceeds of approximately $6 million, including the full exercise of the underwriters’ option. Each unit is comprised of one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of $1.80 for a period of 36 months following closing.
The offering was conducted by Haywood Securities Inc. and Red Cloud Securities Inc., as co-lead underwriters.
Cassels acted for International Consolidated Uranium.