By Laura Lutz
Des Moines, March 3 - Forum Uranium Corp. raised C$3 million from a private placement of units with investor Agnico-Eagle Mines Ltd.
Agnico-Eagle bought 6,122,449 units of one share and one half-share warrant at C$0.49 per unit. Each whole warrant will be exercisable at C$0.66 for two years.
Proceeds will be used for exploration and working capital.
Forum is a uranium exploration and development company based in Vancouver, B.C.
| Issuer: | Forum Uranium Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 6,122,449
|
| Price: | C$0.49
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.66
|
| Investor: | Agnico-Eagle Mines Ltd.
|
| Announcement date: | March 3
|
| Stock symbol: | TSX Venture: FDC
|
| Stock price: | C$0.50 at close March 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
