On November 24, 2022 Labrador Uranium Inc. completed a non-brokered private placement of 6,664,000 “flow-through” units at a price of $0.45 per unit for gross proceeds of approximately $2.9 million. Each flow-through unit consists of one “flow-through” common share and one half of one common share warrant entitling the holder to purchase one additional non-flow through share at $0.60 for a period of 24 months from closing of the offering.
Cassels acted for Labrador Uranium.