en.Wedoany.com Reported - Global Uranium Corp. has announced plans to conduct a non-brokered private placement, issuing unsecured convertible bonds to raise up to CAD 750,000 in principal. Each bond has a face value of CAD 1,000, carries an annual interest rate of 10%, and matures in 24 months.

Bondholders may convert the principal into company units before the maturity date at a conversion price equal to the 5-day volume-weighted average price at the time of conversion; however, in accordance with Canadian Securities Exchange policies, the conversion price shall not be less than CAD 0.05 per unit. Each unit consists of one common share and one warrant, with the warrant entitling the holder to purchase an additional common share at an exercise price of CAD 0.065 within 24 months.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes, including advancing uranium exploration projects. The offering is expected to close on or around June 30, 2026. The bonds and underlying securities are subject to a statutory hold period of four months and one day from the date of issuance. Completion of the offering is subject to all necessary regulatory approvals, including approval from the Canadian Securities Exchange.

Global Uranium Corp. focuses on uranium exploration and development in North America, currently holding key uranium assets including the Wing Lake project in northern Saskatchewan, Canada, the Astro project in the Athabasca Basin (in partnership with Cosa Resources Corp.), and the Airline project in the northern Wind River Basin, Wyoming, USA.

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