representative work

Standard Uranium Completes $3.4 Million Public Offering


On October 21, 2020, Standard Uranium Ltd. announced the closing of a short form prospectus offering of 5,800,000 units at a price of $0.20 per unit and 10,241,000 flow-through units at a price of $0.22 per flow-through unit for aggregate gross proceeds of approximately $3.4 million, which includes the exercise of the agents’ over-allotment option. The offering was conducted by a syndicate of agents led by Red Cloud Securities Inc. and including Canaccord Genuity Corp.

Each unit and flow-through unit is comprised of one common share and one-half of one common share purchase warrant of Standard Uranium. Each whole warrant will be exercisable at a price of $0.30 per warrant for a period of thirty-six months from the date of issuance, subject to accelerated expiry.

Cassels acted for Standard Uranium with a deal team that included Sam Cole and Sam Chapman (Securities and Mining) and Chris Norton and Tera Li Parizeau (Tax).

RELATED EXPERTISE: Securities | Mining | Taxation