Gamma Resources Increases Private Placement to $1.5 Million

Gamma Resources Ltd has announced an increase in its non-brokered private placement from $880,000 to $1.5 million. The private placement will involve up to 18,750,000 units at a price of $0.08 each. Each unit comprises one common share and a non-transferable warrant, which allows the holder to acquire an additional share at $0.12 within 36 months post-closing.

This first tranche is expected to close shortly, subject to TSX Venture Exchange approval. All securities will adhere to a hold period of four months plus one day. The securities are not registered under US securities law and cannot be sold in the US without registration or exemption.

Gamma Resources focuses on uranium exploration in the U.S., with significant projects in Utah and New Mexico.