Laramide Resources Announces Upsize to Private Placement
Toronto, Ontario--(Newsfile Corp. - July 7, 2025) - Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) ("Laramide" or the "Company"), a uranium mine development and exploration company with globally significant assets in the United States and Australia, is pleased to announce that, further to its press release of June 30, 2025, it has upsized its non-brokered private placement to up to 20,000,000 common shares of the Company (the "Common Shares") at a price of $0.60 per Common Share (the "Offering Price") for gross proceeds up to $12,000,000.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Common Shares will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Common Shares issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.
The Company has filed an amended and restated offering document dated July 7, 2025, (amending and restating the offering documents dated June 30, 2025 (the "Offering Document")) (the "Amended and Restated Offering Document") which can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.laramide.com. Prospective investors should read the Amended and Restated Offering Document before making an investment decision. The Amended and Restated Offering Document amends the Offering Document to reflect the increased size of the Offering, including the revised use of proceeds and use of available funds.
The Company will use the gross proceeds of the Offering to advance late-stage US permitting initiatives, working capital, and general corporate purposes.
The Offering is scheduled to close on or about July 16, 2025 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.