Key Developments: Forum Uranium Corp (FDC.V)

FDC.V on TSX Venture Exchange

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2 Mar 2015
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Latest Key Developments (Source: Significant Developments)

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.  Full Article

Forum Uranium Corp announces $500,000 non-brokered flow through financing
Wednesday, 18 Dec 2013 01:24pm EST 

Forum Uranium Corp:Says a non-brokered private placement of C$500,000 through the issuance of a combination of units at a price of C$0.37 per Unit and flow through common shares at a price of C$0.35 per Flow Through Share.Says the 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.  Full Article

Forum Uranium Corp Closes Non-Brokered Private Placement
Tuesday, 10 Sep 2013 08:35am EDT 

Forum Uranium Corp. announced that, further to its news releases of August 21 and August 27, 2013, it has raised $2,593,219 through the issuance of 7,008,702 units at a price of $0.37 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 $0.50 for a period of two years expiring September 9, 2015. The Company paid finder's fees of $161,245.68 and issued 368,949 finder warrants exercisable at a price of $0.37 for a period of two years expiring September 9, 2015. All securities are subject to a four month hold period expiring January 10, 2014. Proceeds from this financing will be used to conduct ground geophysics and a winter drill program on the Company's 100% owned Clearwater project adjacent to and on trend with the Alpha/Fission Patterson Lake South uranium discovery in the western Athabasca Basin, Saskatchewan.  Full Article

Forum Uranium Corp Increases Financing To $2.5 Million
Tuesday, 27 Aug 2013 09:00am EDT 

Forum Uranium Corp announced that the Company has further increased its non-brokered private placement financing to $2,500,000 from the previously increased amount of $2,250,000 as set out in the Company's second news release of August 21, 2013. The amended financing will be completed through the issuance of up to 6,756,757 units at a price of $0.37 per unit on the same terms as set out in the Company's initial news release of August 21, 2013. Completion of the proposed private placement remains subject to the acceptance of the TSX Venture Exchange.  Full Article

Forum Uranium Corp Increases Financing to $2.25 Million
Wednesday, 21 Aug 2013 06:00pm EDT 

Forum Uranium Corp announced that the Company has increased its non-brokered private placement financing to $2,250,000 from the initially targeted $1,500,000 as set out in the Company's news release disseminated earlier . The amended financing will be completed through the issuance of up to 6,081,081 units at a price of $0.37 per unit on the same terms as set out in the Company's news release of earlier.  Full Article

Forum Uranium Corp Announces $1.5 Million Non-Brokered Private Placement
Wednesday, 21 Aug 2013 08:30am EDT 

Forum Uranium Corp. announced a non-brokered private placement of $1,500,000 through the issuance of units (the "Units") at a price of $0.37 per Unit. Each Unit will be comprised of one common share and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one Forum common share at a price of $0.50 per share for a period of two years from the date of the close of the financing. Proceeds from this financing will be used to conduct ground geophysics and a 3,000metre drill program on the Company's 100% owned Clearwater project adjacent to and on trend with the Alpha/Fission Patterson Lake South uranium discovery in the western Athabasca Basin, Saskatchewan.  Full Article

Forum Uranium Corp Announces Acquisition Of 100% Interest in Highrock South Property
Wednesday, 17 Jul 2013 08:30am EDT 

Forum Uranium Corp. announced that it has acquired a 100% interest in the 1,381 hectare Highrock South property located 15 km south of the Cameco/AREVA Key Lake Uranium Processing facility on the eastern side of Saskatchewan's Athabasca Basin. The property is a continuation of the prospective Key Lake / Black Forest conductive trend that hosts Cameco's Key Lake uranium deposits (historic Key Lake open pit uranium mine produced 209 million lbs U3O8 and the GAX, PV and P Patch basement hosted uranium deposits). In addition, the geological setting at Highrock South compares favourably to the recent Patterson Lake South discovery on the south edge of the Athabasca Basin. Forum will acquire a 100% right, title and interest in and to the Highrock South property by paying $2,500 in cash and issuing 25,000 Forum common shares at a deemed value of $0.30 per share, in addition to granting a 2% NSR to the Vendor. The transaction is subject to approval by the TSX Venture Exchange.  Full Article

Forum Uranium Corp Closes $500,000 Non-Brokered Private Placement
Tuesday, 23 Apr 2013 01:08pm EDT 

Forum Uranium Corp announced that it has raised $500,000 through the issuance of 1,176,470 flow through common shares at a price of $0.425 per flow through share. The Company paid finder's fees of $35,000 and issued 82,353 finder warrants exercisable at a price of $0.425 for a period of two years expiring April 23, 2015. All securities are subject to a four month hold period expiring August 24, 2013.  Full Article

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.  Full Article

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