Skeleton Coast Uranium Revises Terms of CA$5 Million Private Placement

MT newswire2026/10/09 12:28

08:28 AM EDT, 10/09/2026 (MT Newswires) -- Skeleton Coast Uranium (SKEL.V) revised the terms of its previously announced private placement to raise up to CA$5 million, the company said Friday. The company will now offer up to 40 million units priced at CA$0.125 apiece. On Sept. 21, the company said it would offer about 33.3 million units priced at CA$0.15 each. Each unit will continue to comprise one share and one-half of a warrant. Each warrant can be exercised at CA$0.20 per share for 24 months. Skeleton Coast plans to use the proceeds to advance exploration and development work at its properties in Namibia, and for general working capital purposes.

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