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GoviEx closes C$6 million financing

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87.

According to the company, each warrant entitles the holder to purchase one Class A common share of the Company over a 36-month period at a price of US$0.21 until June 5, 2019, US$0.24 until June 5, 2020, and US$0.28 until June 5, 2021.

All securities issued under this Private Placement will be subject to the customary four-month hold period and may not be traded before October 6, 2018.

In addition, securities issued to subscribers in the United States will be subject to a hold period under the Securities Act of 1933 (the “1933 Act”) and can only be resold in strict compliance with the applicable exemptions from the registration requirements of the 1933 Act.

GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its other uranium properties elsewhere in Africa.

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