Tuesday, 02 January 2024 12:17 GMT

Nuclear Vision Closes First Tranche Of Financing


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Nuclear Vision Limited (CSE: NUKV) (the " Company ") is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement (the " Offering ") by issuing 3,269,644 units (" Units ") at C$0.28 per Unit for gross proceeds to the Company of C$915,500. Each Unit consists of one common share (a " Share ") and one common share purchase warrant (each, a " Warrant "). Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$0.50 at any time on or before the date which is 24 months from the closing date of the Offering. The Company intends to extend the closing of a second and final tranche for 30 days.

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.

MENAFN26062025004218003983ID1109727944



Newsfile Corp

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search