Global Uranium Corp. (CSE: GURN; OTCQB: GURFF) announced on November 6, 2026, that it has closed a non-brokered private placement under the listed issuer financing exemption, raising gross proceeds of $932,736.42. The offering involved the issuance of 4,239,711 units at $0.22 per unit, each comprising one common share and one warrant. Proceeds are earmarked primarily for exploration at the company's Astro Uranium Project in Saskatchewan and its Wyoming uranium projects, making the closing a notable step for this exploration-stage company.

Key Points

  • Global Uranium Corp. (CSE: GURN; OTCQB: GURFF) closed a non-brokered private placement on November 6, 2026.
  • The company issued 4,239,711 units at $0.22 per unit for aggregate gross proceeds of $932,736.42.
  • Each warrant carries a $0.30 exercise price, exercisable from January 6, 2027, and expiring November 6, 2028.
  • Investors may be watching how efficiently proceeds are deployed across the Astro and Wyoming uranium assets.

Unit Structure and Warrant Terms in the GURN Private Placement

Each unit issued in the offering consists of one common share and one common share purchase warrant. The warrants carry an exercise price of $0.30 per share, commencing 61 days following closing on January 6, 2027, and expiring on November 6, 2028. No commissions, finder's fees, or finder's warrants were paid or issued in connection with the offering. The securities issued under the offering are not subject to a statutory hold period under applicable Canadian securities laws, except for restrictions applicable to control persons, the announcement states.

Proceeds Directed Toward Saskatchewan and Wyoming Exploration

Global Uranium intends to use the net proceeds for exploration expenditures and option payments relating primarily to its Astro Uranium Project in Saskatchewan and its uranium projects in Wyoming's Great Divide Basin, Gas Hills, and Copper Mountain districts. The company also disclosed that a portion of the proceeds will be used to settle outstanding corporate liabilities and cover general, administrative, and working capital requirements. The allocation details were described in the company's amended and restated offering document dated November 3, 2026.

Eligibility and Regulatory Framework for the Offering

The offering was completed under the listed issuer financing exemption pursuant to section 5A.2 of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935. The placement was made available to purchasers resident in all Canadian provinces except Quebec and New Brunswick. The offering document was made publicly available on the company's website. The Canadian Securities Exchange has neither approved nor disapproved the contents of the announcement.