VANCOUVER, Jan. 6 /CNW/ - CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") wishes to announce that, further to the
Company's News Release dated December 24, 2010, the Company has closed
on an additional 50,000 Units at $1.60 per unit. In total, the Company
has issued 2,167,875 Units at $1.60 per Unit for gross proceeds of
$3,468,600. Of the 2,167,875 Units issued, 446,167 were Flow-Through
Each Unit consists of one common share of the Company and one-half of a
share purchase warrant. Each whole warrant is exercisable at $1.90 per
common share for a period of two years from closing. All of the
securities issued under this placement are subject to the Exchange four
Following the closing of this offering, issued and outstanding common
shares of the Company now comprise 19,436,746 with total fully-diluted
shares of 25,173,770. The proceeds from the unit offering will be
utilized by the Company for qualified uranium exploration expenditures
in Canada and for general and corporate purposes.
Finder's fees have been paid in connection with this placement for a
total of $140,068.00 cash, 31,250 in shares and 149,325 as warrants.
The finder's shares and warrants are subject to the same hold periods
as the above purchasers. Additional finder's fees are payable in
connection with this placement of $4,266.67 cash and 2,667 warrants,
pending exchange acceptance. SBI-E2 Capital Financial Services
Limited, Hyphen Consulting Limited and Cheong Lee Securities Limited
participated as arrangers in the placement of Units in Hong Kong, SAR.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUD -- OTCBB, DH7F -- Frankfurt)
is undertaking uranium exploration in twenty one uranium projects in
Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". Since
September 2004, the Company has aggressively acquired one of the
largest land positions in the region, comprising over 2,500,000 acres
(10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended
over Cdn$75 million exploring its properties and has delineated
multiple uranium targets.
For more information visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news
release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British Columbia
Securities Commission and the United States Securities & Exchange
SOURCE CanAlaska Uranium Ltd.
For further information:
Emil Fung, Director & V.P. - Corp. Dev.
Tel: +1.604.688.3211 x318