U92 Energy closes $1.5 million private placement at $0.40 per unit

• U92 Energy closed an upsized non-brokered private placement raising $1.5 million from 3,750,000 units priced at $0.4.
• Each unit includes one share, one-half warrant; each warrant exercises at $0.65 until Aug. 27, 2030.
• Proceeds earmarked for the Kurupung uranium project in Guyana, deferred consideration for Guyana assets, working capital.
• Finders’ fees totaled about $66,600; 225,000 finder warrants issued, exercisable at $0.4 until Aug. 27, 2028.

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