F3 Issues Shares for Interest Debt Settlement
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) announced a shares-for-interest debt settlement with Denison Mines on October 3, 2025. The settlement pays Denison $225,000 cash plus 556,931 common shares at a deemed price of $0.202 per share to satisfy a portion of accrued interest under a October 2023 debenture.
The debenture carries a 9% coupon, matures October 18, 2028, and is convertible at Denison's option at $0.56 per share. Issuance is subject to TSX-V approval and a four-month and one-day Canadian hold period.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) ha annunciato un accordo di regolamento del debito azionario in cambio di interessi con Denison Mines il 3 ottobre 2025. La liquidazione paga a Denison 225.000 dollari in contanti oltre 556.931 azioni ordinarie a un prezzo presunto di 0,202 dollari per azione per soddisfare una parte degli interessi maturati ai sensi di un'obbligazione di ottobre 2023.
L'obbligazione ha una cedola del 9%, scade il 18 ottobre 2028, ed è convertibile a scelta di Denison a 0,56 dollari per azione. L'emissione è soggetta all'approvazione della TSX-V e a un periodo di blocco canadese di quattro mesi e un giorno.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) anunció un acuerdo de liquidación de deuda mediante acciones a cambio de intereses con Denison Mines el 3 de octubre de 2025. La liquidación paga a Denison 225,000 dólares en efectivo más 556,931 acciones comunes a un precio presunto de 0,202 dólares por acción para satisfacer una parte de los intereses acumulados bajo un pagaré de octubre de 2023.
El pagaré lleva un cupón del 9%, vence el 18 de octubre de 2028, y es convertible a elección de Denison a 0,56 dólares por acción. Su emisión está sujeta a la aprobación de TSX-V y a un período de bloqueo canadiense de cuatro meses y un día.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) 는 Denison Mines 와 2025년 10월 3일 이해관계에 대한 주식 교환 채무 정리를 발표했습니다. 정산은 Denison 에 현금 225,000달러와 556,931주 일반주를 주당 0.202달러의 시가로 지급하여 2023년 10월 채권의 누적 이자의 일부를 상환합니다.
해당 채권은 9% 쿠폰을 가지며 2028년 10월 18일에 만기이고 Denison 의 선택에 따라 주당 0.56달러로 전환할 수 있습니다. 발행은 TSX-V 승인을 필요로 하며 캐나다 보유기간 4개월 1일의 의무가 있습니다.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) a annoncé un règlement de dette par actions en échange d'intérêts avec Denison Mines le 3 octobre 2025. Le règlement verse à Denison 225 000 dollars en espèces plus 556 931 actions ordinaires à un prix supposé de 0,202 dollar par action afin de solder une partie des intérêts courus en vertu d'une obligation d'octobre 2023.
L'obligation porte un coupon de 9%, arrive à échéance le 18 octobre 2028, et est convertible, à l'option de Denison, à 0,56 dollar par action. L'émission est soumise à l'approbation de TSX-V et à une période de blocage canadienne de quatre mois et un jour.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) gab am 3. Oktober 2025 eine Aktien-Tilgung einer Schuldenreglung gegen Zinsen mit Denison Mines bekannt. Die Vereinbarung sieht vor, dass Denison 225.000 USD in bar sowie 556.931 Stammaktien zu einem angenommenen Preis von 0,202 USD pro Aktie erhält, um einen Teil der aufgelaufenen Zinsen gemäß einer Wandelanleihe vom Oktober 2023 zu tilgen.
Die Wandelanleihe weist einen Zinskupon von 9% auf, läuft am 18. Oktober 2028 aus und ist auf Wunsch von Denison zu 0,56 USD pro Aktie wandelbar. Die Emission unterliegt der Genehmigung der TSX-V und einer kanadischen Haltefrist von vier Monaten und einem Tag.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) أعلنت عن تسوية دين عن طريق أسهم مقابل الفوائد مع Denison Mines في 3 أكتوبر 2025. ستدفع التسوية إلى Denison مبلغ 225,000 دولار نقداً بالإضافة إلى 556,931 سهماً عاديًا بسعر افتراضي قدره 0.202 دولاراً أمريكياً للسهم لتسديد جزء من الفوائد المستحقة بموجب سند أكتوبر 2023.
يحمل هذا السند كوبون 8%؟ لا، 9%، ويستحق 18 أكتوبر 2028، وهو قابل للتحويل عند خيار Denison إلى 0.56 دولار للسهم. الإصدار خاضع لموافقة TSX-V وتقييد حظر كندي لمدة أربعة أشهر ويوم واحد.
F3 Uranium (OTCQB: FUUFF, TSXV: FUU) 于 2025 年 10 月 3 日宣布与 Denison Mines 就 以股换息的债务清偿。该清偿向 Denison 支付 现金 225,000 美元 以及 556,931 股普通股，按每股 0.202 美元的既定价格，以清偿根据 2023 年 10 月的债券应计的部分利息。
该债务凭证具有 9% 的票息，于 2028 年 10 月 18 日到期，Denison 可选择以 每股 0.56 美元 转换。发行需获得 TSX-V 批准并受 加拿大四个月零一天 的持股期限限制。
- Interest settlement executed with cash $225,000 and 556,931 shares
- Reduces near-term cash interest outlay via share issuance
- 556,931 shares issued at $0.202 — potential dilution to shareholders
- Debenture convertible at $0.56 until October 18, 2028 — future dilution risk
Kelowna, British Columbia--(Newsfile Corp. - October 3, 2025) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or the "Company") notes that pursuant its financing agreement with Denison Mines Corp. (TSX: DML) (NYSE American: DNN) ("Denison") from October 2023, 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 a cash payment of
Terms of the Debenture as previously announced
The Debenture carries a
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 Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778-484-8030
Email: ir@f3uranium.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include ability to complete the private placement, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors should change.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269037
FAQ
What did F3 Uranium (FUUFF) announce on October 3, 2025 regarding debt?
How many shares did F3 issue to Denison in the October 3, 2025 settlement?
What are the key terms of the debenture referenced by F3 (October 2023)?
Will the settlement shares be tradable immediately for FUUFF investors?
Does the October 3, 2025 action change F3's cash requirements today?
