Premier American to raise C$5m in placement

TSX-V-listed Premier American Uranium (PUR) has announced a private placement to raise at least C$5-million, strengthening its balance sheet at a time when uranium fundamentals are robust. The company, which is exploring and developing two projects in the US, has entered into an agreement with Red Cloud Securities to act as lead agent and sole bookrunner with PI Financial acting as co-agent for a placement of up to 2.04-million receipts at C$2.45 each.