Northern Uranium closes second trance of financing

February 10, 2015

Kelowna, British Columbia – February 10, 2015 – Northern Uranium Corp. (TSXV: UNO) (the “Company”) is pleased to announce that it has closed on the second and final tranche of its previously announced private placement for a total of $520,000. This is in addition to the $537,500 raised in the first tranche, as detailed in a news release of January 5, 2015. The second
tranche consists of $500,000 in flow-through shares at $0.05 per share and $20,000 of non flowthrough units at $0.05 per unit. Each unit is comprised of a share and one half of a two year warrant at $0.10. In connection with the issuance of the flow-through shares in this second tranche the Company paid a total cash finder’s fees of $40,000 and issued a total of 800,000 finder’s warrants. Each finder’s warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share for a period of one year.


View Document »