Traction Uranium Announces Closing of the First Tranche of LIFE Offering and FT Units Offering

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CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTCQB:TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that, further to its news release of October 27, 2023 which announced: i.) a non-brokered private placement of up to 10,000,000 units of the Company (each, a “Unit”) pursuant to the listed issuer financing exemption (“LIFE Exemption”) for gross proceeds of up to $1,500,000 (the “LIFE Offering”); and, ii.) a non-brokered private placement of up to 5,714,285 flow-through units of the Company (each, an “FT Unit”) for gross proceeds of up to $1,000,000 (the “FT Units Offering”), it has closed the first tranche of the LIFE Offering and the FT Units Offering (the “First Tranche”) by issuing 793,334 Units at a price of $0.15 per Unit, and 3,589,144 FT Units at a price of $0.175 per FT Unit, for aggregate gross proceeds of $747,100.30.

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