Azarga Uranium

|About: Azarga Uranium Corp. (AZZUF)|By:, SA News Editor

Azarga Uranium (OTCQB:AZZUF -4.1%) announces that the company has  arranged a non-brokered private placement of up to 13M at $0.23/unit to raise proceeds of ~$3M

The Company intends to use the proceeds to continue advancement of the Dewey Burdock in-situ recovery uranium project, quantify uranium mineralization at Dewey Terrace Project, evaluation of in-situ recovery development options at its Gas Hills Project and for general working capital purposes.

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