By Devika Patel
Knoxville, Tenn., June 9 - Forum Uranium Corp. said it plans to raise C$3 million in a private placement of stock.
The company plans to sell up to 6,666,667 flow-through common shares at C$0.45 apiece.
The deal will be conducted by agents Raymond James Ltd. and Deacon & Co. Capital Markets Inc.
Proceeds will be used for exploration and development of the company's Thelon and Athabasca Basin uranium properties.
Forum is a uranium exploration and development company based in Vancouver, B.C.
| Issuer: | Forum Uranium Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3 million
|
| Shares: | 6,666,667
|
| Price: | C$0.45
|
| Warrants: | No
|
| Agent: | Raymond James Ltd., Deacon & Co. Capital Markets Inc.
|
| Pricing date: | June 9
|
| Stock symbol: | TSX Venture: FDC
|
| Stock price: | C$0.40 at close June 6
|
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