Cosa Resources plans C$5 million private placement with Denison Mines participation
Cosa Resources Corp. has announced a private placement to raise up to C$5 million. The company will sell up to 8 million units at C$0.25 each and 7 million charity flow-through units at C$0.425 each. Denison Mines, Cosa's largest shareholder, will participate to maintain its 19.95% stake. The funds will support exploration and working capital, with proceeds from charity units designated for eligible Canadian exploration expenses. The offering is expected to close around February 26, 2025, pending regulatory approvals. Cosa Resources focuses on uranium exploration in Saskatchewan's Athabasca Basin.