TSX-V-listed CanAlaska Uranium Ltd. has increased the total gross amount to be raised under its non-brokered private placement to C$3.0 million (US$2.4 million), due to increased demand. Gross proceeds received from the sale of the flow-through and charity units will be used for work programs on the company's exploration properties. Net proceeds received from the sale of the nonflow- through units will be used for general working capital, the company said on March 15. The common shares of Canadian uranium developer Denison Mines Corp. will be added to the S&P/TSX Composite Index- the headline index for the Canadian equity market-prior to the open of trading on Monday, March 22, 2021.
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