| CanAlaska Arranges $1,120,000 Financing | |
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Vancouver, British Columbia, June 20 2016 -- CanAlaska Uranium Ltd. 'the Company'(TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (the 'Company') is pleased to announce that, subject to regulatory approval, it intends to carry out a non-brokered private placement (the 'offering') of up to 2,000,000 Units (the 'Units') at a price of $0.56 per Unit to raise gross proceeds of up to $1,120,000. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant shall entitle the holder to acquire an additional common share at $0.70 per share for a two year period, provided that if for ten consecutive days the closing price of the listed shares of the Company exceeds $1.00 then the exercise period of the Warrants will be reduced to a period of ten days following such ten day trading period. The Company will pay a finder's fee consisting of cash and broker warrants.
The offering will be conducted pursuant to available prospectus exemptions, including sales to accredited investors and to purchasers who have obtained suitability advice from a registered investment dealer pursuant to BC Instrument 45-536.
Net proceeds will be used for acquisitions, and uranium and other mineral exploration in Saskatchewan, Manitoba and Alberta, as well as for general corporate purposes.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 600,000 hectares (1.5 million acres), one of the largest land positions in Canada's Athabasca Basin region -- the 'Saudi Arabia of Uranium.' CanAlaska's strategic holdings has attracted major international mining companies Cameco, KORES, KEPCO and the De Beers Group of Companies as partners. CanAlaska is a project generator and is positioned for discovery success in the world's richest uranium district. For further information, visit www.canalaska.com.
'Peter Dasler'
Peter Dasler, P. Geo., President & CEO
Contact:
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
Email:
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : CVV.V |
ISIN : CA13708P2017 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Canalaska Uranium est une société d’exploration minière d'uranium et de nickel basée au Canada. Canalaska Uranium détient divers projets d'exploration au Canada et en Australie. Ses principaux projets en exploration sont GLITTER LAKE, VBE 1 CLAIMS, ALBERTA, HELMER, KEY LAKE, LAKE ATHABASCA, COLLINS BAY EXTENSION, WATERBURY, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, HODGSON, KASMERE, MCTAVISH, MISTY, MOON, CREE EAST PROJECT, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE et LAC ROCHER au Canada et RISE AND SHINE en Nouvelle-Zelande. Canalaska Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 32,7 millions (23,8 millions US$, 21,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 janvier 2007 à 9,70 , et son plus bas niveau récent le 17 octobre 2014 à 0,08 . Canalaska Uranium possède 47 442 200 actions en circulation. |