FOR IMMEDIATE RELEASE.
In connection with the Offering, Western has entered into an agency agreement with A.G.P. Canada Investment ULC ("A.G.P.
The Units under the Offering were offered to purchasers pursuant to the listed issuer financing exemption (“LIFE”) under Part 5A of National Instrument 45-106 Prospectus Exemptions in all the provinces of
As described in greater detail in the Offering Document, the net proceeds of the Offering will be used as follows: (a) licensing and development of the Maverick Minerals Processing Plant; (b) expand production capability at
”Given improvements in uranium price levels, an expanding supply deficit, and progress toward a
Closing of the Offering is subject to certain conditions and receipt of all necessary approvals, including compliance with the requirements of the Canadian Securities Exchange.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "
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Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”). Statements of that nature include statements relating to, or that are dependent upon: the Company’s expectations, estimates and projections regarding the Offering and exploration and production plans and results; the timing of planned activities; whether the Company can raise any additional funds required to implement its plans; whether regulatory or analogous requirements can be satisfied to permit planned activities; and more generally to the Company’s business, and the economic and political environment applicable to its operations, assets and plans. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. Please refer to the Company’s most recent Management’s Discussion and Analysis, as well as its other filings at www.sec.gov and/or www.sedarplus.com, for a more detailed review of those risk factors. Readers are cautioned not to place undue reliance on the Company’s forward-looking statements, and that these statements are made as of the date hereof. While the Company may do so, it does not undertake any obligation to update these forward-looking statements at any particular time, except as and to the extent required under applicable laws and regulations.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
George Glasier
President and CEO
970-864-2125
gglasier@western-uranium.com
Chief Financial Officer
908-872-7686
rklein@western-uranium.com
Source:
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