Nexus Uranium to Raise CA$1.8 Million Via Non-Brokered Prospectus Financing

Nexus Uranium (NEXU.CN) intends to raise up to CA$1.8 million through a non-brokered prospectus financing of units, it said in a statement on Thursday.

The offering will consist of the issuance of up to 3.1-million units at CA$0.56 apiece. Each unit will be comprised of one share and one 1.5-year warrant, with each warrant entitling the holder to buy a share for CA$0.70.

Proceeds will be used to advance its uranium property portfolio in South Dakota and Arizona, and for general working capital and corporate needs, it said. Closing of the offering is expected on or about Sept. 24, and is subject to certain conditions.

Shares of the company were last seen up 1.5% at CA$0.7 on the Canadian Securities Exchange.

Price: $0.66, Change: $-0.03, Percent Change: -4.35%

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