Kraken Energy Seeks Funding for Uranium Ventures

Ivor Exploration, Inc. (TSE:UUSA) has released an update.

Kraken Energy Corp. has launched a non-brokered private placement aiming to raise up to CDN$1,008,000 by offering over 11 million units at CDN$0.09 each, inclusive of common shares and warrants. The proceeds are earmarked for corporate endeavors and development of the company’s properties, with the offering expected to close by July 26, 2024. Kraken Energy focuses on high-grade uranium properties in the United States, including the past-producing Apex Uranium Property in Nevada.

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