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F3 Uranium Issues Shares for Interest Debt Settlement
Kelowna, British Columbia--(Newsfile Corp. - June 30, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") notes that pursuant an outstan
About this update from F3 Uranium Corp
[{"type":"text","content":" Kelowna, British Columbia--(Newsfile Corp. - June 30, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (\"F3\" or the \"Company\") notes that pursuant an outstanding financing agreement with Denison Mines Corp. from October 2023, (\"Denison\") (TSX: DML) (NYSE American: DNN) it has elected to settle a portion of the interest accrued to date in common shares (the \"Debt Settlement\"). The payment to Denison will consist of $225,000 in cash and a total of 478,723 common shares of the corporation at a deemed price of $0.235 per share Terms of the Debenture as previously announced The Debenture carries a 9% coupon (the \"Interest\"), payable quarterly, has a maturity date of October 18, 2028, and is convertible at Denison's option into common shares of the Company at a conversion price of $0.56 per share (the \"Conversion Price\"). F3, at its sole discretion, may pay up to one-third of the Interest in common shares of F3 issued at a price per common share equal to the volume-weighted average trading price of F3's common shares on the TSX Venture Exchange (the \"TSXV\") for the 20 trading days ending on the day prior to the date on which such payment of Interest is due. Full details of the debenture are noted in the press releases of October 6 and October 18, 2023. All securities issued pursuant to the Debt Settlement are subject to the approval of the TSX-V and, when issued, a statutory hold period in Canada expiring four months and one day from the date of issuance. The shares-for-debt transaction was approved by the Company's Board of Directors pursuant to the terms of the debenture and did not require a formal valuation nor minority shareholder approval pursuant to Multilateral Instrument 61-101. About F3 Uranium Corp.: F3 Uranium is a uranium exploration company, focusing on the recently discovered high-grade JR Zone on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 Uranium currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin, Saskatchewan, is home to some of the world's largest high grade uranium deposits including Paladin's Triple R and Nexgen's Arrow. F3 Uranium Corp.750-1620 Dickson AvenueKelowna, BC V1Y9Y2 Contact InformationInvestor RelationsTelephone: 778-484-8030Email: [email protected] ON BEHALF OF THE BOARD\"Dev...