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F3 Announces Revised Bought Deal Private Placement for Gross Proceeds of C$17.5 Million
Kelowna, British Columbia--(Newsfile Corp. - August 15, 2023) -    F3 Uranium Corp. (TS...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Announces Revised Bought Deal Private Placement for Gross Proceeds of C$17.5 MillionKelowna, British Columbia--(Newsfile Corp. - August 15, 2023) -   F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (\"F3 Uranium\" or the \"Company\") is pleased to announce that due to significant investor demand, the Company has increased the gross proceeds of its previously announced private placement (the \"Underwritten Offering\") to C$17,500,000. Under the revised Underwritten Offering, the Underwriters (as defined herein) have agreed to purchase for resale 36,082,474 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. Red Cloud Securities Inc. is acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the \"Underwriters\").The Company has also increased the potential size of the Over-Allotment Option (as defined herein) from C$2,250,000 to C$2,500,000. Under the revised Over-Allotment Option, 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 5,154,639 FT Units at the Offering Price (the \"Over-Allotment Option\", and together with the Underwritten Offering, the \"Offering\"). If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be C$20,000,000. The FT Shares will be issued as charitable flow-through common shares of the company.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 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 endi...