F3 Announces C$7 Million Bought Deal Private Placement
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) has secured a C$7 million bought deal private placement with Haywood Securities Inc. and a syndicate of underwriters. The deal involves 29,200,000 flow-through shares priced at C$0.24 per share.
The underwriters have an over-allotment option to purchase up to an additional 15% of FT Shares within 48 hours before the closing date of May 7, 2025. The proceeds will fund eligible Canadian exploration expenses and flow-through critical mineral mining expenditures for the company's uranium projects in the Athabasca Basin, Saskatchewan, to be completed by December 31, 2026.
The company will pay underwriters a 5% cash commission on gross proceeds. The shares will be subject to a four-month hold period and will be offered across Canadian provinces except Quebec.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ha assicurato un collocamento privato bought deal da 7 milioni di dollari canadesi con Haywood Securities Inc. e un sindacato di sottoscrittori. L'operazione riguarda 29.200.000 azioni flow-through al prezzo di 0,24 CAD per azione.
I sottoscrittori hanno un'opzione di sovrallocazione per acquistare fino a un ulteriore 15% delle azioni flow-through entro 48 ore prima della data di chiusura, fissata per il 7 maggio 2025. I proventi finanzieranno spese di esplorazione canadesi ammissibili e investimenti nell'estrazione di minerali critici flow-through per i progetti di uranio dell'azienda nella Athabasca Basin, Saskatchewan, da completare entro il 31 dicembre 2026.
L'azienda corrisponderà ai sottoscrittori una commissione in contanti del 5% sui proventi lordi. Le azioni saranno soggette a un periodo di blocco di quattro mesi e saranno offerte in tutte le province canadesi, ad eccezione del Quebec.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ha asegurado una colocación privada bought deal por 7 millones de dólares canadienses con Haywood Securities Inc. y un sindicato de suscriptores. La operación involucra 29,200,000 acciones flow-through a un precio de 0.24 CAD por acción.
Los suscriptores tienen una opción de sobreasignación para comprar hasta un 15% adicional de acciones flow-through dentro de las 48 horas previas a la fecha de cierre, que es el 7 de mayo de 2025. Los ingresos financiarán gastos elegibles de exploración en Canadá y gastos de minería de minerales críticos flow-through para los proyectos de uranio de la compañía en la Cuenca de Athabasca, Saskatchewan, que se completarán antes del 31 de diciembre de 2026.
La compañía pagará a los suscriptores una comisión en efectivo del 5% sobre los ingresos brutos. Las acciones estarán sujetas a un período de retención de cuatro meses y se ofrecerán en todas las provincias canadienses, excepto Quebec.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF)는 Haywood Securities Inc. 및 인수단과 함께 700만 캐나다 달러 규모의 bought deal 사모 유상증자를 확보했습니다. 이번 거래는 주당 0.24 캐나다 달러에 29,200,000주의 flow-through 주식을 포함합니다.
인수단은 2025년 5월 7일 마감일 48시간 전까지 추가로 최대 15%의 flow-through 주식을 매입할 수 있는 초과배정 옵션을 보유하고 있습니다. 자금은 캐나다 내 적격 탐사 비용과 2026년 12월 31일까지 완료 예정인 서스캐처원주 애서배스카 분지의 우라늄 프로젝트를 위한 flow-through 핵심 광물 채굴 비용에 사용될 예정입니다.
회사는 총 수익의 5%에 해당하는 현금 수수료를 인수단에 지급할 예정입니다. 주식은 4개월간의 보호예수 기간이 적용되며, 퀘벡 주를 제외한 캐나다 전역에서 제공됩니다.
F3 Uranium Corp (TSXV : FUU) (OTCQB : FUUFF) a sécurisé un placement privé bought deal de 7 millions de dollars canadiens avec Haywood Securities Inc. et un syndicat de souscripteurs. L'opération porte sur 29 200 000 actions flow-through au prix de 0,24 CAD par action.
Les souscripteurs disposent d'une option de surallocation leur permettant d'acheter jusqu'à 15 % supplémentaires d'actions flow-through dans les 48 heures précédant la date de clôture, fixée au 7 mai 2025. Les fonds serviront à financer des dépenses d'exploration admissibles au Canada ainsi que des dépenses minières flow-through pour les projets d'uranium de la société dans le bassin d'Athabasca, en Saskatchewan, à réaliser d'ici le 31 décembre 2026.
La société versera aux souscripteurs une commission en espèces de 5 % sur le produit brut. Les actions seront soumises à une période de blocage de quatre mois et seront offertes dans toutes les provinces canadiennes sauf le Québec.
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) hat eine bought deal-Privatplatzierung über 7 Millionen kanadische Dollar mit Haywood Securities Inc. und einem Konsortium von Underwritern gesichert. Das Angebot umfasst 29.200.000 flow-through-Aktien zum Preis von 0,24 CAD pro Aktie.
Die Underwriter haben eine Mehrzuteilungsoption, um bis zu weitere 15 % der flow-through-Aktien innerhalb von 48 Stunden vor dem Abschlusstermin am 7. Mai 2025 zu erwerben. Die Erlöse werden zur Finanzierung förderfähiger kanadischer Explorationsausgaben und flow-through-Ausgaben für den Abbau kritischer Mineralien für die Uranprojekte des Unternehmens im Athabasca-Becken, Saskatchewan, verwendet, die bis zum 31. Dezember 2026 abgeschlossen sein sollen.
Das Unternehmen zahlt den Underwritern eine Barprovision von 5 % auf den Bruttoerlös. Die Aktien unterliegen einer viermonatigen Haltefrist und werden in allen kanadischen Provinzen außer Quebec angeboten.
- Secured C$7 million in additional funding for exploration activities
- Over-allotment option could increase funding by up to 15%
- Flow-through share structure provides tax benefits to investors
- 5% cash commission to underwriters reduces net proceeds
- Share dilution for existing stockholders
- to Canadian provinces excluding Quebec for offering
Kelowna, British Columbia--(Newsfile Corp. - April 16, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (FSE: GL7) ("F3" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the "Underwriters") who have agreed to purchase, or arrange for substitute purchasers, on a "bought deal" private placement basis, 29,200,000 flow-through shares of the Company (the "FT Shares") at a price of C
Each FT Share will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and will qualify as an "eligible flow-through share" as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan).
In addition, the Company has agreed to grant the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part by the Underwriters at any time up to 48 hours prior to the Closing Date (as defined below), to purchase up to an additional number of FT Shares equal to
The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada), 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, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2025.
The FT Shares will be offered to purchasers pursuant to National Instrument 45-106 - Prospectus Exemptions in all of the provinces of Canada, other than Quebec, and/or in other jurisdictions as agreed to between the Company and the Underwriters. The FT Shares will be subject to the statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
The Offering is expected to close on May 7, 2025 (the "Closing Date"). The Company will pay to the Underwriters a cash commission of
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About F3 Uranium Corp.
F3 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 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 project and NexGen's Arrow project.
On Behalf of the Board
"Dev Randhawa"
Dev Randhawa, Chairman & CEO
Contact Information
F3 Uranium Corp.
750 - 1620 Dickson Avenue
Kelowna, BC V1Y 9Y2
Investor Relations
Telephone: 778-484-8030
Email: ir@f3uranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that F3 expects or anticipates will or may occur in the future including the closing date of the Offering, proposed use of proceeds of the Offering and the tax treatment of the FT Shares.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the future tax treatment of the FT Shares, competitive risks and the availability of financing; uranium price volatility; risks associated with the conduct of the Company's exploration activities; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining, development or exploration activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the speculative nature of exploration and development; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248769
FAQ
What is the size and price of F3 Uranium's (FUUFF) latest private placement?
When will F3 Uranium (FUUFF) close its C$7M private placement?
How will F3 Uranium (FUUFF) use the proceeds from its C$7M private placement?
What is the hold period for F3 Uranium's (FUUFF) flow-through shares from the private placement?
