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Forum Uranium Corp. (TSXV:FDC) announced it has closed the second tranche of its private placement previously announced on Dec. 21, 2015, Dec. 29, 2015, Dec. 31, 2015, and Jan. 13, 2016.
Forum Uranium Corp. (TSXV:FDC) announced it has closed the second tranche of its private placement previously announced on Dec. 21, 2015, Dec. 29, 2015, Dec. 31, 2015, and Jan. 13, 2016. The company has raised an additional $334,500 through the issuance of 3.08 million flow-through units and 3.61 million non-flow-through units at a price of five cents per flow-through unit and non-flow-through unit.
The company has raised a total of $625,500 in flow-through units and $180,500 in non-flow-through units for total proceeds of $806,000. The proceeds from this financing will be used for drilling at its 100-per-cent-owned Highrock and Highrock South projects nearby Cameco’s Key Lake mine and mill; gravity and radon surveys at its 100-per-cent-owned Fir Island project as a follow-up from a successful drill campaign earlier in the year; and for working capital.
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