Not for distribution to United States newswire services or for
dissemination in the United States.
Vancouver, Canada, May 16, 2019 -- CanAlaska Uranium Ltd.
DH7N) (the "Company") is pleased to announce that it
has closed its private placement financing previously announced
on April 22, 2019 and May 6, 2019 and issued 1,744,500
flow-through units for gross proceeds of $558,240 and 9,551,910
non flow-through units for gross proceeds of $2,626,775.25, for
total gross proceeds of $3,185,015.25.
In connection with this financing, the Company paid a total of
$160,329.66 in finder's fees ($106,370.25 to Sprott Global
Resource Investments, Ltd.; $18,960.00 to Sprott Capital
Partners LP; $15,960.01 to Leede Jones Gable Inc.; $15,125.00 to
Oro Grande Capital Inc.; $3,300.00 to Haywood Securities Inc.;
and $614.40 to Mackie Research Capital Inc.) and issued a total
of 511,379 finder's warrants (386,800 to Sprott Global Resource
Investments, Ltd.; 59,250 to Sprott Capital Partners LP; 51,409
to Leede Jones Gable Inc.; 12,000 to Haywood Securities Inc.;
and 1,920 to Mackie Research Capital Inc.). Each finder's
warrant is exercisable for one common share at a price of
$0.60/share for five years.
All securities issued under this private placement are subject
to a hold period expiring September 17, 2019 in accordance with
applicable securities laws and the policies of the TSX Venture
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV;
) holds interests in approximately 152,000 hectares (375,000
acres), in Canada's Athabasca Basin -- the "Saudi Arabia of
Uranium." CanAlaska's strategic holdings have attracted major
international mining companies. 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
Cory Belyk, COO
Tel: +1.604.688.3211 x 306
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.