Current Report Filing (8-k)
January 09 2020 - 6:02AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): January 6, 2020
WESTERN
URANIUM & VANADIUM CORP.
|
(Exact
Name of Registrant as Specified in its Charter)
|
Ontario,
Canada
|
|
000-55626
|
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98-1271843
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(State
or Other Jurisdiction
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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330
Bay Street, Suite 1400, Toronto, Ontario, Canada
|
|
M5H
2S8
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(Address of Principal
Executive Offices)
|
|
(Zip Code)
|
Registrant’s
telephone number, including area code: (970) 864-2125
N/A
|
(Former Name or Former
Address, if Changed Since Last Report.)
|
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
|
Trading
Symbol(s)
|
|
Name
of exchange on which registered
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N/A
|
|
|
|
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☒ Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.02. Unregistered Sales of Equity Securities.
On
January 6, 2020, Western Uranium & Vanadium Corp. (“Western” or the “Company”) granted an aggregate
of 600,000 options (“Options”) to purchase Western common shares to five officers, directors, and consultants under
the Company’s Incentive Stock Option Plan. Each Option is exercisable to acquire one common share (each an “Option
Share”) for a five-year term. The Options’ CAD$1.03 exercise price was determined based upon the closing prices of
the Company’s common shares on both the date of grant and the prior trading day. The Options vest equally in three installments
beginning on the date of grant and thereafter on January 31, 2020 and June 30, 2020. The Company is relying on the private
offering exemption from registration provided by Section 4(a)(2) of the U.S. Securities Act of 1933 for the grant of the Options
and for the offer and sale of the Option Shares.
A
copy of the press release announcing the grant of the Options is attached as Exhibit 99.1 to this report.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: January 8, 2020
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WESTERN URANIUM & VANADIUM
CORP.
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|
|
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By:
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/s/
Robert Klein
|
|
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Robert
Klein
Chief
Financial Officer
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2
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