12:38 PM EST - Basin Uranium Corp : Announces that it has closed its final tranche of its previously announced non-brokered private placement of units of the Company. The Company issued an additional 3,763,966 Units for gross proceeds of $564,595. The Company has now issued a total of 10,013,236 Units and 557,000 FT Shares for aggregate gross proceeds of $1,602,245. Each Unit is comprised of one common share in the capital of the Company and one Share purchase warrant. Each Warrant is exercisable to purchase one additional Share until November 15, 2024 at $0.25 per Share. The Company will use funds from the Unit Private Placement to conduct exploration and development work on its Wray Mesa project and for general working capital purposes. Basin Uranium Corp
shares C.NCLR are trading up one cent at $0.14.
