White Canyon, CPS in $23m options deal

US-focused company White Canyon Uranium has entered an agreement to guarantee its outstanding listed options, valued at nearly $23 million and set to expire next month.

Perth stockbroking firm CPS Securities has agreed to underwrite a total of 91.56 million options which are exercisable at 25 cents each.

Should all options be converted to shares, White Canyon will raise $22.9 million.

Current option holders still hold the right to exercise their options prior to the January 29 expire date.

Shares in White Canyon today closed up 2.5 cents to 31c.