Enduro Metals Secures C$5M LIFE Exemption Financing, Traction Uranium Closes Placement
The LIFE Exemption enabled Enduro Metals to raise up to C$5.0002M through a best-efforts placement of 9.375M non-flow-through units at C$0.16 and 15.91M flow-through units at C$0.22. Traction Uranium also closed its non-brokered unit financing under the same exemption.
1. Enduro Metals Announces C$5.0002M LIFE Placement
Enduro Metals entered a best-efforts private placement under the Listed Issuer Financing Exemption with Beacon Securities as sole agent. The company can issue up to 9,375,000 non-flow-through units at C$0.16 and 15,910,000 flow-through units at C$0.22, raising up to C$5,000,200. Each non-flow-through unit includes one common share and one-half of a share purchase warrant.
2. Traction Uranium Completes LIFE Exemption Financing
Traction Uranium Corp. has closed its previously announced non-brokered private placement under the same exemption. The company completed the issuance of units as outlined in its earlier announcement, securing equity financing without the need for a formal prospectus.