Forum Uranium Corp. (TSX VENTURE:FDC) announces that, further to its news releases of August 21 and August 27, 2013, it has raised $2,593,219 through the issuance of 7,008,702 units at a price of $0.37 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.50 for a period of two years expiring September 9, 2015.
The Company paid finder’s fees of $161,245.68 and issued 368,949 finder warrants exercisable at a price of $0.37 for a period of two years expiring September 9, 2015. All securities are subject to a four month hold period expiring January 10, 2014.
Proceeds from this financing will be used to conduct ground geophysics and a winter drill program on the Company’s 100% owned Clearwater project adjacent to and on trend with the Alpha/Fission Patterson Lake South uranium discovery in the western Athabasca Basin, Saskatchewan.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
Aya Gold & Silver Inc. (TSX: AYA) is pleased to announce hig... READ MORE
IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) is pleased to announce... READ MORE
Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) reports additional r... READ MORE
Thor Explorations Ltd. (TSX-V: THX) (AIM: THX) announces the exer... READ MORE
Tarachi Announces Drill Results from San Javier Concession in Son... READ MORE
We acknowledge the [financial] support of the Government of Canada.