Nuclear Vision Closes First Tranche Of Financing
The proceeds of the first tranche of the Offering will be used to advance the Company's assets in the Republic of Botswana, including but not limited to technical exploration work, geophysical surveys, geological mapping, and permeability testing of the sandstone horizon at depth and its susceptibility to advanced Electric Pulse technologies to increase permeability and yield on roll front geological formations in a sandstone environment, and for general working capital purposes.
All securities to be issued pursuant to the Offering will be subject to a statutory four-month and one day hold period. In connection with the closing of the first tranche of the Offering, the Company paid cash finders' fees of C$30,625 and issued 97,125 non-transferable finders' warrants, with each finder's warrant exercisable on the same terms as the Warrants, all in accordance with the policies of the Canadian Securities Exchange (the " CSE ").
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
On Behalf of the Board of Directors
Derrick Dao
CEO
About Nuclear Vision Limited
Nuclear Vision Limited is an early-stage mineral resource exploration company. The Company holds the UA92 uranium project, consisting of 7 prospecting licenses totaling approximately 4,828km2 located in central Botswana. The Company also holds the Regnault Project located north-northeast of Chibougamau in the Province of Québec.
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