Business
F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$10 Million
Kelowna, British Columbia--(Newsfile Corp. - May 30, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$10 MillionKelowna, British Columbia--(Newsfile Corp. - May 30, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (\"F3 Uranium\" 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$10,074,414.59, which includes the full exercise of the Underwriters' over-allotment option. Under the Offering, the Company sold 7,409,908 federal flow-through units of the Company (the \"FFT Units\") at a price of C$0.5355 per FFT Unit and 10,447,235 Saskatchewan flow-through units of the Company (the \"SFT Units\", and together with the FFT Units, the \"FT Units\") at a price of C$0.5845 per SFT Unit, for an aggregate of 17,857,143 FT Units at a blended price of C$0.5642 per FT Unit on a \"bought deal\" basis. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that included Canaccord Genuity Corp., Haywood Securities Inc., SCP Resource Finance LP and Eight Capital (collectively, the \"Underwriters\").Each FT Unit consists of one common share of the Company (each, a \"Common Share\") 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$0.56 at any time on or before May 30, 2026.A total of 8,928,571 FT Units under the Offering, representing gross proceeds of C$4,999,999.74, were offered by way of the \"listed issuer financing\" exemption under Part 5A under National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") in all the provinces of Canada with the exception of Quebec (the \"Selling Jurisdictions\"). The Common Shares issuable pursuant to the sale of these FT Units are immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The remaining 8,928,572 FT Units sold under the Offering were offered by way of the \"accredited investor\" and \"minimum amount investment\" exemptions under NI 45-106 in the Selling Jurisdictions. The Common Shares issuable from the sale of such FT Units are subject to a re...