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F4 Uranium Announces Closing of Brokered Private Placement for Gross Proceeds of C$1.0 Million
Kelowna, British Columbia--(Newsfile Corp. - July 9, 2026) - F4 Uranium Crop. (TSXV: FFU) ("F4" or the "Company") is pleased to announce the closing of its previously announced "best efforts" brokered private placement (the "Offering") for gross proceeds of C$1,009,200, which includes the partial exercise of the agent's over-allotment option. Pursuant to the Offering, the Company sold 6,728,000 flow-through units of the Company (each, a "FT Unit") at a price of C$0.15 per FT Unit (the "Offering.
About this update from F4 Uranium Corp.
Kelowna, British Columbia--(Newsfile Corp. - July 9, 2026) - F4 Uranium Crop. (TSXV: FFU) ("F4" or the "Company") is pleased to announce the closing of its previously announced "best efforts" brokered private placement (the "Offering") for gross proceeds of C$1,009,200, which includes the partial exercise of the agent's over-allotment option. Pursuant to the Offering, the Company sold 6,728,000 flow-through units of the Company (each, a "FT Unit") at a price of C$0.15 per FT Unit (the "Offering Price"). Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner in connection with the Offering. Each FT Unit consisted of: (i) one common share of the Company (each, a "FT Share"); and (ii) one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each FT Share and each half of one Warrant comprising a FT Unit will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada)(the "Tax Act"). Each Warrant entitles the holder thereof to purchase one common share of the Company on a non-flow-through basis (each, a "Warrant Share") at a price of C$0.22 at any time on or before July 9, 2028. The Company intends to use the proceeds of the Offering to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Tax Act, and to incur "eligible flow-through mining expenditures" pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the "Qualifying Expenditures") related to the Company's uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2026. In connection with the Offering, the Company paid to Red Cloud an aggregate cash commission of C$56,650.50. The Company also issued to Red Cloud a total of 377,670 warrants of the Company (the "Broker Warrants"), with each Broker Warrant entitling the holder thereof to purchase one common share of the Company at the Offering Price at any time on or before July 9, 2028. A certain insider of the Company has acquired a total of 667,000 FT Units under the Offering. Such participation is considered to be a "related party transaction" within the meaning of TSX Venture E...