Traction Uranium Corp. announced a non-brokered private placement of up to 6,818,181 units at a price of CAD 0.22 per unit for aggregate gross proceeds of up to CAD 1,500,000 on September 27, 2023. Each unit shall consist of one common share in the capital of the company and one share purchase warrant, whereby each warrant shall entitle the holder thereof to purchase an additional share at an exercise price of CAD 0.30 for a period of 24 months from the date of issuance.

Closing of the private placement is anticipated to occur on or about the week of October 31, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The securities issued in connection with the transaction will not be subject to resale restrictions in accordance with applicable Canadian securities laws.