Breaking News: Global Uranium Corp. Increases Private Placement for Potential Gross Proceeds of C$2.45 Million!

Description

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTCQB: GURFF | FRA: Q3J) (the “Company”) is pleased to announce that, as a result of the demand for securities offered pursuant to its non-brokered flow-through private placement offering (the “Offering”) announced on December 13, 2024, the Company has upsized the Offering from gross proceeds of up to C$1,500,000 to gross proceeds of up to C$2,450,000, to be raised from the issuance of up to 3,266,666 Units (as defined below). The Offering is expected to consist of the offering of units of the Company at a price of $0.75 per unit (each, a “Unit”), with each Unit comprised of one flow-through common share of the Company (each, a “FT Share”) and one-half of one non-flow-through common share (“Share”) purchase warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder to acquire one Share in the capital of the Company (each, a “Warrant Share”) at a price of C$0.95 per Warrant Share for a period of twenty-four months from the date of issuance (the “Non-Flow Through Offering“).

Impact on You

As an individual investor, the increase in private placement for Global Uranium Corp. could provide you with an opportunity to potentially earn returns on your investment. With the gross proceeds raised, the company can further develop its projects and potentially increase its market value, which could benefit you as a shareholder.

Impact on the World

The increase in private placement for Global Uranium Corp. signifies a growing interest in uranium exploration and production. This could have a broader impact on the world by contributing to the supply of uranium for nuclear energy, which plays a significant role in meeting global energy needs while reducing greenhouse gas emissions.

Conclusion

Global Uranium Corp.’s decision to increase its private placement is a positive sign for the company’s growth potential and the broader implications for the world’s energy landscape. As the demand for uranium continues to rise, investments in companies like Global Uranium Corp. could play a vital role in shaping the future of clean energy production.