Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (Frankfurt: FWB:9SU) is pleased to announce that it has entered into a letter agreement (the “Agreement”) with Red Cloud Securities Inc. (“Red Cloud”) as lead agent on behalf of a syndicate of agents (collectively, the “Agents”) and has filed and obtained a receipt for a preliminary short form prospectus (the “Preliminary Prospectus”) with the securities regulators in each of the Provinces of Canada other than the Province of Québec, pursuant to which the Company proposes to complete a public offering of up to 7,500,000 units of the Company (the “Units”) at a price of C$0.20 per Unit and up to 6,818,181 flow-through units of the Company (the “FT Units”, and collectively with the Units, the “Offered Securities”) at a price of C$0.22 per FT Unit for gross proceeds of up to C$3,000,000 (the “Marketed Offering”). Closing of the Marketed Offering is expected to occur on or around October 29, 2020 (the “Closing Date”).
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