Strathmore Plus Uranium Corp. announced a private placement of an unsecured convertible promissory note for the gross proceeds of CAD 250,000 on July 12, 2024. The financing will consist of an unsecured convertible promissory note having a term of 12 months from the closing date and bearing interest at the rate of 9% per annum.

During the first year, interest will accrue and be payable 12 months from the date of closing. The principal amount of the Note will be convertible at the election of the noteholder into units at CAD 0.30 consisting of one common share and one common share purchase warrant at any time up to the maturity date. The financing is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required.

All securities issued pursuant to the above will be subject to a hold period of four months plus one day following the closing.