Not for distribution to United States newswire services or for
dissemination in the United States.
Vancouver, Canada, December 27, 2018 -- CanAlaska Uranium Ltd.
DH7N)) (the "Company") ") is pleased to announce
that it has closed a non-brokered private placement for 930,000
flow-through units ("F/T Units") at a price of $0.35/F/T Unit
for gross flow-through proceeds of $325,500. In conjunction with
this financing, the Company paid finders' fees to eligible
finders in the aggregate amount of $22,785 cash and 65,100
finder's warrants. Each F/T Unit will consist of one
flow-through common share and ½ share purchase warrant. Each
whole warrant comprising part of the F/T Units will entitle the
holder to acquire one common share at $0.60/share for a two year
period; provided that after the four month hold period expires,
if for 10 consecutive days the closing price of the Company's
shares on the TSX-V exceeds $0.90, then the Company may anytime
thereafter accelerate the expiry date of the warrants to the
date that is 10 days following the date on which the Company
issues notice to all the warrant holders of the new expiry date.
The Company will also issue a press release on the same date as
it issues notice confirming the new expiry date of the warrants.
The Company proposes to use net proceeds received from this
financing to advance the Company's copper and nickel projects in
Manitoba and to carry out additional work on projects within the
All securities issued pursuant to this financing are subject to
a hold period expiring four months plus a day after the date of
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV;
holds interests in approximately 102,870 hectares (254,000
acres), in Canada's Athabasca Basin region -- the "Saudi Arabia
of Uranium." CanAlaska is currently working with Cameco and
Denison at two of the company's properties in the eastern
Athabasca basin. CanAlaska is a project generator positioned for
discovery success in the world's richest uranium district. The
company also holds properties prospective for nickel, copper,
gold and diamonds.
For further information visit
behalf of the Board of Directors
Peter Dasler, P. Geo.,
President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
All statements included in this press release that address
activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements
involve numerous assumptions made by the Company based on its
experience, perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances. In addition, these statements
involve substantial known and unknown risks and uncertainties
that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will
prove inaccurate, certain of which are beyond the Company's
control. Readers should not place undue reliance on
forward-looking statements. Except as required by law, the
Company does not intend to revise or update these
forward-looking statements after the date hereof or revise them
to reflect the occurrence of future unanticipated events.