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GoviEX Uranium Inc closes a second tranche of its bought deal private placement financing for additional proceeds of $339,900

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GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) announced that it has closed a second tranche of its previously announced private placement financing, underwritten by Sprott Capital Partners, through the issuance of 1,545,000 units for additional proceeds of $339,900.

This brings the total gross proceeds raised to $10,506,760 from the issuance of a total of 47,758,000 units at a price of 22 cents per unit.

Each unit consists of one Class A common share of the Company and one-half common share purchase warrant. Each whole warrant entitles its holder to purchase one common share at US$0.24 until October 25, 2025.

READ: GoviEx Uranium closes private placement; raises CA$10.1 million

The company paid a cash commission equal to 6% of the units sold under the private placement to Sprott and an intermediary.

The units issued under the second tranche of the private placement have a holding period ending on February 28, 2023. The company has also corrected its press release dated October 25, 2022 relating to the holding period of the units issued under of the first tranche of the private placement. placement – this hold period will expire on February 26, 2023.

In addition, securities issued to purchasers in the United States are subject to a hold period under the United States Securities Act of 1933, as amended, and may only be resold strictly in accordance with applicable exemptions from regulatory requirements. registration of the US Securities Act.

The private placement is subject to obtaining final approval from the TSX Venture Exchange.

GoviEX is a mineral resources company focused on the exploration and development of uranium properties in Africa. GoviEX’s main objective is to become a major producer of uranium through the continued exploration and development of its flagship Madaouela project in Niger, its Mutanga mining project in Zambia and its Falea multi-element project in mali.

Contact the author at jon.hopkins@proactiveinvestors.com

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