Laramide raises C$5M from strategic investor for uranium projects

What's the deal? Laramide ResourcesDealroom has a profile for this one. Try Dealroom → has announced a non-brokered private placement of 8,350,000 common shares at C$0.60 each, raising gross proceeds of C$5,010,000 (about $3.6 million) from a strategic investor. The Toronto-based company develops and explores uranium projects across the United States and Australia.

What it means. Laramide will use the proceeds for working capital and general corporate purposes. The offering's closing is subject to regulatory approvals, including approval from the Toronto Stock Exchange, and the issued shares will carry a four-month hold period plus one day.

Read more: Stockwatch

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