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F3 Announces Revised Pricing of Bought Deal Private Placement for Gross Proceeds of C$7.0 Million

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F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) has revised the pricing of its previously announced private placement, now aiming to raise C$7,000,000 through a bought deal offering. The company will issue 6,562,500 federal flow-through units at C$0.375 per unit and 10,937,500 Saskatchewan flow-through units at C$0.415 per unit, totaling 17,500,000 units at a blended price of C$0.40 per unit.

The offering includes an over-allotment option that could increase the total gross proceeds to C$8,000,000. Each unit consists of one flow-through share and half a warrant, with each whole warrant exercisable at C$0.40 for 24 months. The offering is expected to close on October 31, 2024, with proceeds used to fund exploration in the Athabasca Basin.

Additionally, F3 Uranium has signed a marketing agreement with Apaton Finance for €20,000 from October 31, 2024, to January 31, 2025, to promote the company through various media channels.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ha rivisto il prezzo del suo collocamento privato precedentemente annunciato, puntando ora a raccogliere C$7.000.000 tramite un'offerta di acquisto. L'azienda emetterà 6.562.500 unità di flusso attraverso federale a C$0,375 per unità e 10.937.500 unità di flusso attraverso Saskatchewan a C$0,415 per unità, per un totale di 17.500.000 unità a un prezzo medio di C$0,40 per unità.

L'offerta include un'opzione di sovrallocazione che potrebbe aumentare il totale dei proventi lordi a C$8.000.000. Ogni unità consiste in una azione di flusso e mezzo warrant, con ogni warrant intero esercitabile a C$0,40 per 24 mesi. Si prevede che l'offerta si concluda il 31 ottobre 2024, con i proventi destinati a finanziare l'esplorazione nel Bacino di Athabasca.

Inoltre, F3 Uranium ha firmato un accordo di marketing con Apaton Finance per €20.000 dal 31 ottobre 2024 al 31 gennaio 2025, per promuovere l'azienda attraverso vari canali mediatici.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ha revisado el precio de su colocación privada previamente anunciada, ahora buscando recaudar C$7.000.000 a través de una oferta de compra. La empresa emitirá 6.562.500 unidades de flujo federal a C$0,375 por unidad y 10.937.500 unidades de flujo de Saskatchewan a C$0,415 por unidad, sumando un total de 17.500.000 unidades a un precio promedio de C$0,40 por unidad.

La oferta incluye una opción de sobreasignación que podría aumentar el total de ingresos brutos a C$8.000.000. Cada unidad consiste en una acción de flujo y medio warrant, y cada warrant entero se puede ejercer a C$0,40 durante 24 meses. Se espera que la oferta cierre el 31 de octubre de 2024, y los ingresos se destinarán a financiar la exploración en la Cuenca de Athabasca.

Además, F3 Uranium ha firmado un acuerdo de marketing con Apaton Finance por €20.000 desde el 31 de octubre de 2024 hasta el 31 de enero de 2025, para promover la empresa a través de varios canales de medios.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF)는 이전에 발표된 사모 배정 가격을 수정하여 이제 C$7,000,000을 모금하는 것을 목표로 하고 있습니다. 이 회사는 6,562,500개의 연방 흐름 주식을 C$0.375에, 10,937,500개의 사스카추완 흐름 주식을 C$0.415에 발행할 예정이며, 총 17,500,000개의 주식이 평균 C$0.40에 총 투자될 예정입니다.

이번 공모에는 총 매출액을 C$8,000,000으로 늘릴 수 있는 초과 배정 옵션이 포함되어 있습니다. 각 주식은 하나의 흐름 주식과 절반의 워런트로 구성되어 있으며, 각 전체 워런트는 24개월 동안 C$0.40에 행사할 수 있습니다. 이번 공모는 2024년 10월 31일에 마감될 예정이며, 수익은 아타바스카 분지 탐사에 사용될 예정입니다.

또한 F3 우라늄은 2024년 10월 31일부터 2025년 1월 31일까지 €20,000에 대해 Apaton Finance와 마케팅 계약을 체결하여 다양한 미디어 채널을 통해 회사를 홍보할 예정입니다.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) a révisé le prix de son placement privé annoncé précédemment, visant désormais à lever C$7.000.000 par le biais d'une offre de rachat. L'entreprise émettra 6.562.500 unités de flux fédéral à C$0,375 l'unité et 10.937.500 unités de flux Saskatchewan à C$0,415 l'unité, totalisant 17.500.000 unités à un prix moyen de C$0,40 l'unité.

L'offre comprend une option de surallocation pouvant augmenter les produits bruts totaux à C$8.000.000. Chaque unité se compose d'une action de flux et de la moitié d'un bon de souscription, chaque bon de souscription entier étant exerçable à C$0,40 pendant 24 mois. On s'attend à ce que l'offre se termine le 31 octobre 2024, les produits étant utilisés pour financer l'exploration dans le bassin d'Athabasca.

De plus, F3 Uranium a signé un contrat de marketing avec Apaton Finance pour €20.000 du 31 octobre 2024 au 31 janvier 2025, afin de promouvoir l'entreprise à travers divers canaux médiatiques.

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) hat die Preisgestaltung für ihr zuvor angekündigtes Privatplatzierungsangebot überarbeitet und zielt nun darauf ab, C$7.000.000 durch ein Übernahmeangebot zu sammeln. Das Unternehmen wird 6.562.500 Bundes-Floßdurchgangseinheiten zu je C$0,375 und 10.937.500 Saskatchewan-Floßdurchgangseinheiten zu je C$0,415 ausgeben, insgesamt also 17.500.000 Einheiten zu einem gemischten Preis von C$0,40 pro Einheit.

Das Angebot umfasst eine Überplatzierungsoption, die die Gesamterträge auf C$8.000.000 erhöhen könnte. Jede Einheit besteht aus einer Flussaktie und einem halben Warrant, wobei jeder volle Warrant innerhalb von 24 Monaten zu C$0,40 ausgeübt werden kann. Es wird erwartet, dass das Angebot am 31. Oktober 2024 geschlossen wird, wobei die Erlöse zur Finanzierung von Erkundungsmaßnahmen im Athabasca-Becken verwendet werden.

Darüber hinaus hat F3 Uranium einen Marketingvertrag mit Apaton Finance über €20.000 vom 31. Oktober 2024 bis zum 31. Januar 2025 unterzeichnet, um das Unternehmen über verschiedene Medienkanäle zu bewerben.

Positive
  • Successful revision of private placement to raise C$7,000,000 in gross proceeds
  • Potential to increase gross proceeds to C$8,000,000 with over-allotment option
  • Funds to be used for exploration of company's projects in the Athabasca Basin
  • Marketing agreement with Apaton Finance to increase company visibility
Negative
  • Potential dilution for existing shareholders due to new share issuance

Kelowna, British Columbia--(Newsfile Corp. - October 16, 2024) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3 Uranium" or the "Company") announces that it has revised the pricing of its previously announced private placement for gross proceeds of C$7,000,000 (the "Underwritten Offering"). Under the revised Underwritten Offering, the Underwriters (as defined herein) have agreed to purchase for resale 6,562,500 federal flow-through units of the Company (the "FFT Units") at a price of C$0.375 per FFT Unit (the "FFT Offering Price") and 10,937,500 Saskatchewan flow-through units of the Company (the "SFT Units", and together with the FFT Units, the "FT Units") at a price of C$0.415 per SFT Unit (the "SFT Offering Price") on a "bought deal" basis. An aggregate of 17,500,000 FT Units of the Company will be sold at a blended price of C$0.40 per FT Unit. Red Cloud Securities Inc. is acting as the lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters").

Each Charity 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 subsection 66(15) 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 (each, a "Warrant Share") at a price of C$0.40 at any time on or before that date which is 24 months after the Closing Date (as herein defined).

The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional [937,500] FFT Units at the FFT Offering Price and up to an additional 1,562,500 SFT Units at the SFT Offering Price for additional gross proceeds of up to C$1,000,000 (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$8,000,000.

The Company will have the right to include a list of subscribers to purchase up to 1,250,000 FT Units under the Offering (the "President's List"). The President's List will be allocated under the Over-Allotment Option and, for greater certainty, all purchasers under the Over-Allotment Option will receive Non-LIFE FT Units (as defined herein) on the terms of the Offering and subject to certain resale restrictions as described below.

Up to 12,500,000 FT Units to be sold pursuant to the Underwritten Offering (the "LIFE FT Units"), representing gross proceeds of up to C$5,000,000, will be offered by way of the "listed issuer financing" exemption under Part 5A under National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in all the provinces of Canada with the exception of Québec (the "Selling Jurisdictions"). The FT Shares and Warrant Shares issuable pursuant to the sale of the LIFE FT Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The remaining 5,000,000 FT Units to be sold pursuant to the Underwritten Offering as well as the FT Units that may be sold under the Over-Allotment Option (collectively, the "Non LIFE FT Units"), which includes the FT Units to be sold under the President's List, will be offered by way of the "accredited investor" and "minimum amount investment" exemptions under NI 45-106 in the Selling Jurisdictions. The FT Shares and Warrant Shares issuable from the sale of Non-LIFE FT Units will be subject to a restricted period in Canada ending on the date that is four months plus one day following the closing of the Offering as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 - Resale of Securities.

The Offering is expected to close on October 31, 2024 (the "Closing Date"). The proceeds of the Offering will be used by the Company to fund the exploration of the Company's projects in the Athabasca Basin.

There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.f3uranium.com. Prospective investors should read this offering document before making an investment decision.

F3 Uranium also announces that it has signed a marketing agreement with Apaton Finance of Hannover, Germany. F3 Uranium will pay Apaton €20,000 from October 31, 2024 to January 31, 2025. Apaton will write articles, conduct interviews and distribute them online in German and English via renowned and established major financial media, making them accessible to the target group.

Apaton Finance GmbH does not have any direct or indirect interest in F3 or its securities and no incentive stock options have been granted

About F3 Uranium Corp.

F3 Uranium is a uranium exploration company advancing its newly discovered high-grade JR Zone and exploring for additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone discovery is located ~25km northwest of Fission Uranium's Triple R and NexGen Energy's Arrow high-grade uranium deposits. This area is poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN project is comprised of the PLN, Minto and Broach properties. The Broach property incorporates the former PW property which was obtained from CanAlaska as a result of a property swap.

The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2

Contact Information
Investor Relations
Telephone: 778 484 8030
Emaill: ir@f3uranium.com

ON BEHALF OF THE BOARD

"Dev Randhawa"
Dev Randhawa, CEO

Cautionary Statement: F3 Uranium Corp.

This press release contains "forward-looking information" within the meaning of applicable Canadian and United States securities laws, which is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company's expectations with respect to the Offering; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information, including, without limitation, risks and uncertainties relating to: general business and economic conditions; regulatory approval for the Offering; completion of the Offering; changes in commodity prices; the supply and demand for, deliveries of, and the level and volatility of the price of uranium and other metals; changes in project parameters as exploration plans continue to be refined; costs of exploration including labour and equipment costs; risks and uncertainties related to the ability to obtain or maintain necessary licenses, permits or surface rights; changes in credit market conditions and conditions in financial markets generally; the ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; the availability of qualified employees and contractors; the impact of value of the Canadian dollar and U.S. dollar, foreign exchange rates on costs and financial results; market competition; exploration results not being consistent with the Company's expectations; changes in taxation rates or policies; technical difficulties in connection with mining activities; changes in environmental regulation; environmental compliance issues; and other risks of the mining industry. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in 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 could cause results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and F3 Uranium Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226838

FAQ

What is the revised pricing for F3 Uranium's (FUUFF) private placement?

F3 Uranium has revised its private placement pricing to C$0.375 per federal flow-through unit and C$0.415 per Saskatchewan flow-through unit, with a blended price of C$0.40 per unit.

How much does F3 Uranium (FUUFF) aim to raise through this offering?

F3 Uranium aims to raise C$7,000,000 in gross proceeds, with potential to increase to C$8,000,000 if the over-allotment option is fully exercised.

When is the expected closing date for F3 Uranium's (FUUFF) private placement?

The private placement is expected to close on October 31, 2024.

What will F3 Uranium (FUUFF) use the proceeds from the offering for?

The proceeds will be used to fund the exploration of F3 Uranium's projects in the Athabasca Basin.

F3 URANIUM CORP NEW

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