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Cosa Resources Closes C$12 Million Private Placement

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Cosa Resources (COSA.V) has closed a bought deal private placement to raise C$12 million in proceeds.

Cosa plans to use the proceeds to fund exploration and development as well as for additional working capital, the uranium exploration company said Wednesday.

The offering comprised about 5.84 million common shares priced at C$0.60 each and 3.05 million Saskatchewan charity flow-through common shares priced at C$0.99 apiece.

Cosa also issued 4.02 million national charity flow-through common shares priced at C$0.87 each; and 2.86 million flow-through common shares priced at C$0.70 apiece.

Denison Mines (DML.TO), Cosa's top shareholder, participated in the offering to retain a 17.7% stake in Cosa on a partially diluted basis.

Price: $0.65, Change: $-0.02, Percent Change: -2.99%

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Cosa Resources Closes C$12 Million Private Placement | FINWIRES