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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (44644)	1/3/2019 4:01:45 PM
From: Goose94	Read Replies (1) \| Respond to of 202561

Northern Uranium (UNO-V) Jan 3rd 2019 has reached an agreement with Palisade Global Investments Ltd. to cede control of the company to Palisade Global Investments. Under the terms of the agreement, which remains subject to TSX Venture Exchange acceptance, the company will effect a one-new-for-15-old consolidation of its outstanding share capital, following which Palisade Global Investments and a small group of investors will subscribe for a postconsolidation private placement of 14,222,222 units of the company at 5.625 cents per unit to raise $800,000. The units will comprise one share and one share purchase warrant exercisable at 7.5 cents for a term of five years. The proceeds of the private placement will be applied to outstanding indebtedness of the company and for general working capital. The agreement also contemplates Palisade Global Investments effecting changes to the board of the company and provides that, on closing of the private placement, the company will engage Chad Ulansky and Jennifer Irons, the current chief executive officer and chief financial officer of the company, respectively, to continue to fill those roles for a period of 12 months. Concurrent with the entering into of the agreement, Charles Fipke, the current control person of the company, is to grant Palisade Global Investments an option to acquire the shares of the company held by him. Palisade Global Investments is a resource-focused investment company. Palisade Global Investments is bullish on the uranium market for 2019 and beyond, and intends to use Northern Uranium as a vehicle to continue exploration on its flagship Northwest Manitoba project, as well as exploring other exploration and development assets. For further information please contact: Chad Ulansky CUlansky@metalexventures.ca Telephone: 250-448-4110