TMXXF - F3 announces revised bought deal private placement for gross proceeds of C$17.5M
2023-08-15 09:05:41 ET
- F3 Uranium Corp ( OTCQB:FUUFF ) on Tuesday said the company has increased the gross proceeds of its previously announced private placement to C$17.5M.
- Under the revised offering, the underwriters have agreed to purchase for resale 36,082,474 flow-through units of the company at a price of C$0.485 per FT Unit on a "bought deal" basis.
- The company has also increased the potential size of the Over-Allotment Option from C$2,250,000 to C$2,500,000.
- Under the revised Over-Allotment Option, F3 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 5,154,639 FT Units at the offering Price.
- If the Over-Allotment Option is exercised in full, the total gross proceeds of the offering will be C$20,000,000.
- The offering is expected to close on September 12.
- The proceeds will be used to fund exploration of the company's projects in the Athabasca Basin.
- Source: Press Release
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F3 announces revised bought deal private placement for gross proceeds of C$17.5M