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Forum Uranium Corp increases flow through financing to C$900,000


Friday, 20 Dec 2013 04:45pm EST 

Forum Uranium Corp:Increases its non-brokered private placement financing to C$900,000 from the initially targeted C$500,000 as set out in the company`s news release dated Dec. 18.Says amended financing will be completed through the issuance of a combination of flow through units at a price of C$0.37 per Flow Through Unit and flow through common shares at a price of C$0.35 per Flow Through Share.Says each flow through unit will be comprised of one flow through common share and one share purchase warrant.Says each Warrant is exercisable to purchase one non-flow through common share at a price of C$0.50 per share for a period of two years from the date of the close of the financing.Says private placement is subject to TSX Venture Exchange approval and all securities are subject to a four-month hold period.Says Proceeds from this financing will be used for drilling on its Patterson Lake South Clearwater claims adjacent to the Fission PLS discovery in the western Athabasca Basin. 

Company Quote

0.17
0.01 +6.25%
29 Aug 2014