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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Forum Uranium Corp Closes First Tranche Of Private Placement

Wednesday, 6 Feb 2013 08:30am EST 

Forum Uranium Corp announced that it has closed the first tranche of its private placement previously announced on January 14, 2013 and January 23, 2013. The Company has raised $428,050 through the issuance of 840,000 flow through common shares at a price of $0.40 per flow through share and 263,000 units at a price of $0.35 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.49 for a period of two years expiring February 5, 2015. The Company paid finder's fees of $25,102 and issued 63,770 finder warrants exercisable at a price of $0.35 for a period of two years expiring February 5, 2015. All securities are subject to a four month hold period expiring June 6, 2013. Proceeds from this financing will be used for drilling in the Maurice Bay deposit area on the NW Athabasca project, exploration on the newly acquired Clearwater claims adjacent to the Fission/Alpha PLS discovery in the Athabasca Basin and for general working capital. 

Company Quote

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20 Oct 2014