LUR
LUR sold 18,672,000 subscription receipts (the “Subscription Receipts”) at a price of C$0.35 per Subscription Receipt and 14,359,698 flow-through subscription receipts (the “FT Subscription Receipts” and together with the Subscription Receipts, the “Offered Securities”) at a price of C$0.42 per FT Subscription Receipt, for aggregate gross proceeds of C$12,566,273 (the “Concurrent Private Placement”), which includes the partial exercise of the Underwriters’ over-allotment option. The Concurrent Private Placement was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc. (“Red Cloud”), as sole bookrunner, and Canaccord Genuity Corp. (together with Red Cloud, the “Co-Lead Underwriters”), and included Haywood Securities Inc. and PI Financial Corp. (collectively, the “Underwriters”). LUR is also pleased to announce that Mr. John Jentz has been appointed as Chief Executive Officer and a Director of the Company.