01:02 PM EST, 12/12/2024 (MT Newswires) -- CanAlaska Uranium ( CVVUF ) on Thursday said it closed a bought-deal private placement of flow-through shares, raising $10 million.

The company sold underwriters 8.4-million of the tax-advantaged shares priced at $1.19 each.

CanAlaska said it would use proceeds to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" related to the company's projects in Saskatchewan.

Shares of the company were last seen down $0.02, or 2.6%, to $0.75 on the Toronto Stock Exchange.

Price: 0.75, Change: -0.02, Percent Change: -2.60