Business
F3 Announces C$15 Million Bought Deal Private Placement
Kelowna, British Columbia--(Newsfile Corp. - August 14, 2023) - F3 Uranium Corp. (TSXV: FUU) (OT...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Announces C$15 Million Bought Deal Private PlacementKelowna, British Columbia--(Newsfile Corp. - August 14, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (\"F3 Uranium\" or the \"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase for resale 30,927,835 flow-through units of the Company (each, a \"FT Unit\") at a price of C$0.485 per FT Unit (the \"Offering Price\") on a \"bought deal\" basis in a private placement for gross proceeds of C$15,000,000 (the \"Underwritten Offering\").Each FT Unit will consist of one common share of the Company (each, a \"Common Share\") to be issued as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (each, a \"FT Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant shall entitle the holder to purchase one Common Share at a price of C$0.485 at any time on or before that date which is 24 months after the Closing Date (as herein defined). The FT Shares will be issued as charitable flow-through common shares of the Company.The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date (as defined below), to purchase for resale up to an additional 4,639,175 FT Units at the Offering Price for additional gross proceeds of up to C$2,250,000 (the \"Over-Allotment Option\", and together with the Underwritten Offering, the \"Offering\"). The FT Units to be sold under the Offering will be offered by way of the \"accredited investor\" and minimum amount investment\" exemptions under National Instrument 45-106 - Prospectus Exemptions in all of the provinces of Canada. The Common Shares issuable from the sale of the FT Units will be subject to a restricted period in Canada ending on the date that is four months plus one day following the closing of the Offering as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 - Resale of Securities.The Offering is expected to close on September 12, 2023 (the \"Closing Date\"). The Company will pay to the Underwriters a cash commission of 5.5% of the gross proceeds raised in respect of the Offering ...