Global Uranium Corp. (CSE: GURN) (OTCQB: GURFF) (FRA: Q3J) is pleased to announce it has closed the previously announced non-brokered flow-through private placement for gross proceeds of C$2,450,000, and 3,266,666 flow-through units at a price of $0.75 per FT Unit.

Each FT Unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant of the Company with each whole Warrant entitling the holder to acquire one Share in the capital of the Company at a price of $0.95 per Warrant Share for a period of twenty-four months from the date of issuance. The FT Shares are intended to qualify as “flow through shares” within the meaning of the Income Tax Act (Canada).

In connection with the Private Placement the Company will be settling finders’ fees of $92,500 in cash to an eligible finder.

The gross proceeds from the sale of the FT Units will be used to fund “Canadian exploration expenses” that are intended to qualify as “flow-through mining expenditures” (as such terms are defined in the Tax Act) which the Company intends to renounce to the initial purchasers of the FT Units.

All securities issued pursuant to the Private Placement are subject to a hold period expiring April 23, 2025, being the date that is four months and one day from the date of issuance, in accordance with applicable securities legislation.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.