Lots of action on a few uranium jrs today as talk of JV's and drill results are being tossed around. As I stated the other day, NWI
will announce details shortly regarding their Diabase and Prairie LAke drilling projects. We may also see some JV action (SXR, TRDM, CVV) TRDM
Starting to move today on imminent Diabase news and possible Peter Lake JV news. This could double, as it tends to do on good news.SXR/UUU
Still headed for the stars, can anyone advise me as to where this stops?CBP
Cbp is rockin today on financing news, now they can get their a$$ in gear over at Otish.Company has arranged a non-brokered, 4,000,000 unit, non-flow through private placement at $0.36 per unit for gross proceeds of $1.44 million with a syndicate of institutional investors. Each unit consists of one common share and one half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $0.50 for a period of one year from the closing of the offering. The proceeds of the financing will be used to further the Company's ongoing uranium exploration activity in the Otish Mountains of Quebec, and for general working capital purposes.