representative work

Standard Uranium Completes $4.5 Million Public Offering


On June 26, 2020, Standard Uranium Ltd. announced the closing of a short form prospectus offering of 9,613,500 units at a price of $0.20 per unit and 11,715,000 flow-through units at a price of $0.22 per flow-through unit for aggregate gross proceeds of $4.5 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 Eight Capital.

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, Andrew Dilts and Sam Chapman (Securities and Mining) and Chris Norton and Tera Li Parizeau (Tax).

RELATED EXPERTISE: Securities | Mining | Taxation