Baselode Energy closes $10.7M private placement for Athabasca exploration

Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) has successfully completed a private placement, raising a total of C$10,665,386 in gross proceeds. The placement involved various types of units, including common shares and warrants, with different pricing. Red Cloud Securities Inc. acted as the lead agent for the offering, which included a syndicate of agents. Additionally, the company conducted a non-brokered private placement, resulting in C$665,368 in additional proceeds. The funds raised will be used for exploration in the Athabasca Basin and for general working capital purposes.