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F3 Announces Closing of C$20 Million Bought Deal LIFE Private Placement
Kelowna, British Columbia--(Newsfile Corp. - October 3, 2025) - F3 Uranium Corp. (TSXV: FUU) (OT...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Announces Closing of C$20 Million Bought Deal LIFE Private PlacementKelowna, British Columbia--(Newsfile Corp. - October 3, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: GL7) (\"F3\" or the \"Company\") is pleased to announce the closing of its previously announced \"bought deal\" private placement (the \"Offering\") for aggregate gross proceeds of C$20,000,000, which includes the exercise in full of the Underwriters' (as defined herein) over-allotment option. Pursuant to the Offering, the Company sold the following:25,000,000 units of the Company (each, a \"Unit\") at a price of C$0.20 per Unit;14,814,815 non-critical mineral flow-through units of the Company sold to charitable purchasers (the \"NFT Units\") at a price of C$0.27 per NFT Unit;16,666,667 federal flow-through units of the Company sold to charitable purchasers (the \"FFT Units\") at a price of C$0.30 per FFT Unit; and18,181,818 Saskatchewan flow-through units of the Company sold to charitable purchasers (the \"SFT Units\", and together with the NFT Units and FFT Units, the \"FT Units\") at a price of C$0.33 per SFT Unit.The Units and FT Units shall be collectively referred to as the \"Offered Securities.\" Red Cloud Securities Inc. (\"Red Cloud\") acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp., Haywood Securities Inc. and SCP Resource Finance LP (collectively, the \"Underwriters\") under the Offering.Each Unit consists of one common share of the Company (each, a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each FT Unit consists of one Common Share issued as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a \"FT Share\") and one-half of one Warrant. Each whole Warrant entitles the holder to purchase one Common Share (each, a \"Warrant Share\") at a price of C$0.30 at any time on or before October 3, 2028.The proceeds of the Offering will be used by the Company to fund the exploration of the Company's projects in the Athabasca Basin in Saskatchewan as well as for general corporate purposes and working capital, as is more fully described in the Amended Offering Document (as herein defined).The gross proceeds from the sale of FT Shares will be used by the Company to i...