TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million.
The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes.
In connection with the last tranche of the private placement, the arm’s length finder, Red Cloud Securities, will receive a cash commission of C$15 540 to acquire up to 111 000 common shares at a price of C$0.14 per finder’s warrant share until August 6, 2025, subject to applicable adjustment.