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F3 Uranium Corp. (FUUFF) is a uranium project generator and exploration company, with a focus on projects in the Athabasca Basin, known for major high-grade uranium discoveries. The company holds various projects near significant uranium deposits like Triple R, Arrow, and Hurricane. The upcoming summer exploration program in 2024 includes drilling core holes, ground gravity surveys, and Time Domain EM geophysical surveys, with the intent to target uranium mineralization on the Clearwater West Property acquired by SKRR Exploration Inc. F3's experienced management team plans to progress drilling in areas exhibiting increased conductivity and untested airborne EM conductors, aiming to identify potential high-grade uranium zones. The property's location near known uranium deposits and the presence of conductive areas define promising targets for exploration.
F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has closed a 'bought deal' private placement, raising C$10,074,414.59. This includes full exercise of the Underwriters' over-allotment option. The Company sold 7,409,908 federal flow-through units (FFT Units) at C$0.5355 each, and 10,447,235 Saskatchewan flow-through units (SFT Units) at C$0.5845 each, totaling 17,857,143 FT Units at a blended price of C$0.5642 per FT Unit.
Red Cloud Securities Inc. led the underwriting, with Canaccord Genuity Corp., Haywood Securities Inc., SCP Resource Finance LP, and Eight Capital also participating. Each FT Unit includes one common share and half a common share purchase warrant, exercisable at C$0.56 until May 30, 2026.
The offering consists of two tranches: C$4,999,999.74 raised under 'listed issuer financing' exemption, and the rest under 'accredited investor' and 'minimum amount investment' exemptions. A commission of C$540,342.80 was paid to the Underwriters, along with 957,589 Broker Warrants. Funds will support exploration in the Athabasca Basin. Final TSX Venture Exchange approval is pending.
F3 Uranium has revised the pricing for its private placement, now aiming for gross proceeds of over C$10.0 million. The Company will issue 16,071,429 flow-through units (FT Units) at a blended price of C$0.5642 per unit. The offering is underwritten by Red Cloud Securities. Each FT Unit includes one common share and one half of a warrant, allowing the purchase of an additional share at C$0.56 within 24 months. An option to purchase additional units could increase the total proceeds to C$10,074,414.59. The funds will be used for exploration in the Athabasca Basin. The offering is set to close on May 28, 2024, with certain units being immediately tradeable and others subject to a restricted period. Underwriters will receive a 5.5% commission and broker warrants, with reduced terms for units sold under the President's List.
F3 Uranium Corp has resumed drilling on the PLN Property targeting the A1 and B1 shears. The program aims to explore new mineralized zones along the structural corridor, focusing on areas with significant faults and high-grade uranium potential. The company is utilizing new geological and geophysical models to identify high-priority drill targets for potential uranium mineralization. The ground gravity survey will provide additional insights into the A1 and B1 areas, enhancing the understanding of regional conductive corridors.
F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has increased the gross proceeds of its private placement to C$9,000,000 due to investor demand. The Underwritten Offering includes 16,071,429 flow-through units at C$0.56 per unit. Red Cloud Securities Inc. is the lead underwriter. An Over-Allotment Option for additional units is available. The Offering is expected to close on May 23, 2024, and the proceeds will fund exploration in the Athabasca Basin.
F3 Uranium Corp. has announced a C$7.5 million bought deal private placement with Red Cloud Securities Inc. The company will sell 13,392,857 flow-through units at C$0.56 per unit, including common shares and warrants. Additional FT units may be offered through the Over-Allotment Option and President's List. The Offering is set to close on May 23, 2024, with proceeds intended for exploration in the Athabasca Basin.
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