Consolidated Uranium Inc. is pleased to announce that in connection with its previously announced private placement of 6,792,453 units of the Company at a price of C$2.65 per Unit for gross proceeds of C$18,000,000 , due to significant demand, Red Cloud Securities Inc. , as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters , has exercised its option to purchase for resale up to 755,000
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