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Further to its March 6, 2014 news release, Forum Uranium Corp. (TSXV:FDC) announced that it has closed its private placement, raising gross proceeds of $3,045,605.
The money will be put toward exploration at the company’s Athabasca Basin-based uranium projects, corporate development and general and administrative purposes.
As quoted in the press release:
Under the Offering, the Company issued 4,501,800 flow-through units (‘FT Units’) at $0.55 per FT Unit and 1,140,000 non flow-through units (‘Units’) at $0.50 per Unit. Each FT Unit is comprised of one common share of the Company and one-half of one warrant (each whole warrant, a ‘FT Unit Warrant’), each whole FT Unit Warrant entitling the holder to acquire a further common share of the Company at a price of $0.70 for a period expiring March 26, 2015. Each Unit is comprised of one common share of the Company and one-half of one warrant (each whole warrant, a ‘Unit Warrant’), each Unit Warrant entitling the holder to acquire a further common share of the Company at a price of $0.65 for a period expiring March 26, 2015.
Click here to read the full Forum Uranium Corp. (TSXV:FDC) press release.
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