representative work

Latitude Uranium Completes $6 Million Bought Deal Private Placement


On November 28, 2023, Latitude Uranium Inc. completed a bought deal private placement of 27,272,728 flow-through units at a price of $0.22 per flow-through unit for gross proceeds of $6 million, which included the full exercise of the underwriters’ over-allotment option. The offering was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc., as sole bookrunner, and Haywood Securities Inc., and including PI Financial Corp.

Each flow-through unit consisted of one common share of Latitude Uranium issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at a price of $0.30 per common share at any time on or before November 28, 2025.

Cassels acted for Latitude Uranium.

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