Strathmore Plus Uranium Corp has announced a non-brokered private placement to issue up to 1,818,182 units at a price of CAD 0.55 per unit for gross proceeds of up to CAD 1,000,000.1 on September 1, 2023. Each unit will comprise one common share of the company and one-half common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.8 for a period of 24 months from the issue date of the unit.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including for the approval of the listing of the common shares issuable from the sale of the units on the TSX Venture Exchange. The common shares issuable from the sale of the units and upon the exercise of the warrants will be subject to a hold period ending on the date that is four months and one day from the issue date of the unit, in accordance with applicable securities laws. A finder's fee may be paid on a portion of the proceeds from the offering.