Forum Uranium Announces Private Placement of $3 Million

Forum Uranium Corp. (TSXV:FDC) announced a private placement of $3 million through Secutor Capital Management Corporation acting as lead agent. The financing consists of 3,636,363 flow-through units at $0.55 per FT Unit for gross proceeds of up to $2,000,000 and up to 2,000,000 units at $0.50 per Unit for gross proceeds of up to $1,000,000.

As quoted in the press release:

Each FT Unit will consist of one flow-through common share and one half of one non flow-through common share purchase warrant in the capital of the Company. Each whole share purchase warrant (a “Warrant”) is exercisable into one common share of the Company for a period of 12 months from closing at a price of $0.70 per common share.

Each Unit will consist of one common share and one half of one common share purchase warrant in the capital of the Company. Each share purchase warrant (a “Warrant”) is exercisable into one common share of the Company for a period of 12 months from closing at a price of $0.65 per common share.

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