Athabasca Nuclear Corporation Closes Financing
06 Junho 2014 - 9:30PM
Marketwired
Athabasca Nuclear Corporation Closes Financing
CALGARY, ALBERTA--(Marketwired - Jun 6, 2014) - Athabasca
Nuclear Corporation (TSX-VENTURE:ASC) ("Athabasca Nuclear" or the
"Corporation") is pleased to report that it has closed its
previously announced financing (the "Private Placement") for gross
proceeds of $161,759.01. A total of 2,310,843 units were issued as
part of the Private Placement.
The Private Placement was announced on April 25, 2014 and
amended by news release dated May 27, 2014. The Private Placement
was comprised of units priced at $0.07, which consisted of one
common share and one common share purchase warrant, with each
warrant entitling the holder to acquire one additional common share
at a price of $0.105 for a period of twenty-four months.
The Chairman and CEO of the Corporation, Ryan Kalt, subscribed
for a total of 1,428,600 units.
The units and underlying securities are subject to a four-month
hold period from the date of issuance in accordance with applicable
securities laws. The Private Placement remains subject to final
acceptance by the TSX Venture Exchange. Athabasca Nuclear paid a 7%
finder's fee on certain non-insider subscriptions in the Private
Placement
The proceeds of the Private Placement will be used for
exploration on the Company's mineral exploration properties and for
general working capital purposes.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSX-VENTURE:ASC) is an energy
exploration company based in Calgary, Alberta which is focused on
uranium exploration in the Athabasca Basin of Saskatchewan, Canada.
The Corporation is the Operator of the Western Athabasca Syndicate,
a syndicated-exploration effort of a 287,130 hectare (709,513 acre)
package of uranium properties which is among the largest land
positions controlled by a single group along the prospective margin
of the Western Athabasca Basin.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking
Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Athabasca Nuclear CorporationRyan Kalt, LL.M., M.B.A.Chairman
and Chief Executive
Officer403-410-3848ryan.kalt@athabascanuclear.comwww.AthabascaNuclear.com
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