F3 Shareholders to Receive a Free Dividend F4 Share
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) has announced a free dividend distribution of F4 Uranium Corp common shares to F3 shareholders. The distribution will occur on a 1:1 basis for shareholders of record as of August 14, 2024. Following the distribution, F4 shares will undergo a 10:1 rollback. This arrangement is pending final approval from the Supreme Court of British Columbia on August 13, 2024, and acceptance from the TSX Venture Exchange. The expected completion date is August 15, 2024. F4 plans to apply for listing on both the TSX Venture Exchange and OTC markets. This distribution will be considered a dividend for tax purposes.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ha annunciato una distribuzione di dividendi gratuita di azioni ordinarie di F4 Uranium Corp ai suoi azionisti. La distribuzione avverrà su base 1:1 per gli azionisti registrati al 14 agosto 2024. Dopo la distribuzione, le azioni di F4 subiranno un rollback 10:1. Questo accordo è in attesa dell'approvazione finale della Corte Suprema della Columbia Britannica il 13 agosto 2024, e dell'accettazione da parte della TSX Venture Exchange. La data di completamento prevista è il 15 agosto 2024. F4 prevede di fare richiesta per la quotazione sia sulla TSX Venture Exchange che sui mercati OTC. Questa distribuzione sarà considerata un dividendo ai fini fiscali.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ha anunciado una distribución de dividendos gratuita de acciones ordinarias de F4 Uranium Corp a los accionistas de F3. La distribución se realizará en una base de 1:1 para los accionistas registrados al 14 de agosto de 2024. Tras la distribución, las acciones de F4 sufrirán un rollback 10:1. Este acuerdo está pendiente de la aprobación final de la Corte Suprema de Columbia Británica el 13 de agosto de 2024, y de la aceptación por parte de la TSX Venture Exchange. La fecha de finalización prevista es el 15 de agosto de 2024. F4 planea solicitar la cotización tanto en la TSX Venture Exchange como en los mercados OTC. Esta distribución se considerará un dividendo para fines fiscales.
F3 우라늄 컴퍼니 (TSXV: FUU) (OTCQB: FUUFF)는 F3 주주에게 F4 우라늄 컴퍼니의 보통주를 무료 배당으로 배포한다고 발표했습니다. 배포는 1:1 비율로 이루어지며, 2024년 8월 14일 기준으로 주주가 등록되어 있어야 합니다. 배포 이후 F4 주식은 10:1 롤백을 진행할 예정입니다. 이 arrangement는 2024년 8월 13일에 브리티시 컬럼비아 대법원의 최종 승인과 TSX 벤처 거래소의 수락을 기다리고 있습니다. 예상 완료 날짜는 2024년 8월 15일입니다. F4는 TSX 벤처 거래소와 OTC 시장에 상장 신청을 할 계획입니다. 이번 배포는 세금 목적의 배당금으로 간주될 것입니다.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) a annoncé une distribution gratuite de dividendes d'actions ordinaires de F4 Uranium Corp à ses actionnaires. La distribution se fera sur une base de 1:1 pour les actionnaires enregistrés au 14 août 2024. Après la distribution, les actions de F4 subiront un rollback 10:1. Cet arrangement est soumis à l'approbation finale de la Cour suprême de la Colombie-Britannique le 13 août 2024, et à l'acceptation de la Bourse de croissance TSX. La date prévue d'achèvement est le 15 août 2024. F4 prévoit de demander à être cotée tant à la Bourse de croissance TSX qu'aux marchés OTC. Cette distribution sera considérée comme un dividende à des fins fiscales.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) hat eine kostenlose Dividendenverteilung von Stammaktien der F4 Uranium Corp an die F3 Aktionäre angekündigt. Die Verteilung erfolgt im 1:1 Verhältnis für Aktionäre, die zum 14. August 2024 im Aktienregister stehen. Nach der Verteilung werden die F4 Aktien einen 10:1 Rückzug durchlaufen. Dieses Arrangement steht noch unter dem Vorbehalt der endgültigen Genehmigung durch den Obersten Gerichtshof von British Columbia am 13. August 2024 und der Annahme durch die TSX Venture Exchange. Das erwartete Abschlussdatum ist der 15. August 2024. F4 plant, eine Zulassung sowohl an der TSX Venture Exchange als auch an den OTC-Märkten zu beantragen. Diese Verteilung wird zu steuerlichen Zwecken als Dividende betrachtet.
- Free dividend distribution of F4 Uranium Corp shares to F3 shareholders
- 1:1 distribution ratio for F3 shareholders
- Potential for increased shareholder value through new company listing
- 10:1 rollback of F4 shares after distribution, potentially diluting shareholder value
- Pending regulatory approvals could delay or affect the arrangement
Kelowna, British Columbia--(Newsfile Corp. - August 12, 2024) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce the distribution of common shares of F4 Uranium Corp. to F3 shareholders of record as of August 14, 2024, based on one F4 common share for each common share of F3 held. The F4 shares will then be rolled back at a rate of 10 to 1.
The distribution will be considered a dividend for tax purposes.
The Arrangement remains subject to final approval of the Supreme Court of British Columbia (the "Court") scheduled for August 13, 2024, and acceptance from the TSX Venture Exchange, and is expected to be completed on or about August 15, 2024. F4 will apply to list its common shares on the TSX Venture Exchange and the OTC.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high grade uranium discoveries. F3 Uranium currently has 20 projects in the Athabasca Basin. Several of F3's projects are near large uranium discoveries including Triple R, Arrow and Hurricane. F3 has announced a transaction pursuant to which it will transfer 17 of its prospective uranium exploration properties to F4 in exchange for common shares of F4 which will be distributed to F3 shareholders based on one F4 Share for every common share of F3 held; the F4 shares will then be rolled back at a rate of 10 to 1. F3 will retain the PLN Project consisting of the PLN, Misto and Broach properties. The Broach property incorporates the PW property which it obtained from CanAlaska as the result of a property swap.
Forward-Looking Statements:
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of the management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: ir@f3uranium.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219549
FAQ
What is the dividend distribution ratio for F3 Uranium Corp (FUUFF) shareholders?
When is the record date for F3 Uranium Corp (FUUFF) shareholders to receive the F4 share dividend?
What is the rollback rate for F4 Uranium Corp shares after the distribution?
When is the expected completion date for the F3 Uranium Corp (FUUFF) share distribution?
Will the F4 Uranium Corp shares be listed on any stock exchanges?
