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Foremost Clean Energy Announces Bought Deal Private Placement of $5.5 Million
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 17, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter and sole bookrunner (the “Underwriter”), in connection with a “bought deal” pr
About this update from Foremost Clean Energy Ltd.
[{"type":"image","alt":"Foremost Clean Energy Ltd.","displaySize":"","headline":null,"caption":"Foremost Clean Energy Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/fd3ac556eb6dc5cd7d33eb8d3c2df1a3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XFTXjEg8yi6A3S_mFytqJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fd3ac556eb6dc5cd7d33eb8d3c2df1a3","width":300,"height":78}},"lazy":false},{"type":"text","content":"THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES","length":162,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, March 17, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter and sole bookrunner (the “Underwriter”), in connection with a “bought deal” private placement of 1,618,000 units of the Company (the “Units”) at a price of C$3.40 per Unit (the “Issue Price”) for aggregate gross proceeds of $5.5 million (the “Offering”).","length":533,"tagName":"p"},{"type":"text","content":"Each Unit shall consist of one common share of the Company and one half of one common share purchase warrant of the Company (each whole warrant, a “Warrant”), each of which will qualify as a “flow through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each Warrant shall be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 24 months from the Closing Date (as defined herein) at an exercise price of C$4.40 per Warrant Share.","length":514,"tagName":"p"},{"type":"text","content":"Foremost’s largest shareholder, Denison Mines Corp. (“Denison”), has the right to participate in the Offering pursuant to an investor rights agreement. Accordingly, the Offering may result in Denison acquiring up to such number of additional common shares as it would to bring its ownership to approximately 19.95% of the issued and outstanding common shares of the Company on a post-closing basis.","length":398,"tagName":"p"},{"type":"text","content...