On May 7, 2024, Premier American Uranium Inc. closed the transaction. The company exercise of the agents? upsize option to issue 313,164 subscription receipts at the offering price for additional gross proceeds of up to CAD 767,251.8. Each whole warrant will entitle the holder to purchase one common share at a price of CAD 3.50 until May 7, 2026.

The agents will receive a cash fee in the amount of CAD 172,000.88. The corporation has also issued 70,204 compensation options to the agents. Each compensation option is exercisable to acquire one common share at the offering price until May 7, 2026.

The compensation options will only be exercisable and the cash commission will only be payable, upon the satisfaction or waiver, as applicable, of the escrow release conditions.