$STMN.CN

UraniumX Discovery Plans $500,000 Flow-Through Share Financing

UraniumX Discovery (STMN.CN) after trade Thursday said it plans to raise up to $500,000 through a non-brokered private placement of flow-through shares.The company will place up to 3.3-million of the tax-advantaged shares priced at $0.15 each.No warrants will be issued as part of the financing, although the company may increase the offering size if demand is strong, it added.The company said the funds will support its ongoing diamond drilling program at the Murphy Lake Uranium Property in northern Saskatchewan. "Pitchblende in the very first hole confirmed Murphy Lake as a live, fertile uranium system. This financing puts the drill on four more targets, 5 kilometers from IsoEnergy's Hurricane deposit," Chief Executive Esen Boldkhuu said..

F4 Uranium Corp and UraniumX Commencing Drilling at Murphy Lake

UraniumX Discovery Enters Into Option Agreement With Pond Technologies Regarding Zoo Bay Uranium Project

UraniumX Discovery (STMN.CN) entered into a letter of intent (LOI) with Pond Technologies Holdings, with the parties intending to enter into an option agreement regarding UraniumX's Zoo Bay Uranium project, it said overnight Monday.The LOI will form the basis under which Pond will engage in a "change of business" and "RTO" in connection with the TSX Venture Exchange policies, it added.Shares of the company edged down 4% to $0.12 on Monday on the Canadian Securities Exchange.