Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced that it has closed the final tranche of its private placement, issuing 6,841,700 company units at a price of C$0.05 per unit for gross proceeds of C$342,085.
Each unit consisted of one company common share plus one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one Standard Uranium common share at a price of $0.09 at any time on or before December 21, 2025.
Standard Uranium said three company insiders acquired a total of 791,700 units of the offering.