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

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Forum Uranium Corp Closes Final Tranche of Private Placement

Thursday, 21 Mar 2013 07:00am EDT 

Forum Uranium Corp announced that it has closed the fourth and final tranche of its private placement previously announced on January 14, 2013, January 23, 2013 and February 15, 2013. The Company has raised an additional $283,500 through the issuance of 625,000 flow through common shares at a price of $0.40 per flow through share and 95,000 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 March 21, 2015. The Company paid finder's fees of $19,337.50 and issued 49,000 finder warrants exercisable at a price of $0.35 for a period of two years expiring March 21, 2015. All securities are subject to a four month hold period expiring July 22, 2013. The Company has raised a total of $908,500 in flow through shares and $1,720,600 in Units for a total of $2,629,100. 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

0.01 +10.53%
12:34pm EDT