- Forum Energy Metals Corp. (FMC) has announced a non-brokered private placement for gross proceeds of up to $1,700,000
- The company will issue up to 13,076,923 flow-through units for $0.13 per FT unit
- Each warrant will entitle the holder to purchase one common share at C$0.17 for a period of 24 months following the closing date of the offering
- Forum intends to use the proceeds of the offering for drilling at its 100-per-cent-owned Wollaston uranium project in the northeast Athabasca Basin, Saskatchewan
- Forum Energy Metals Corp. is an energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan
- Forum Energy Metals Corp. opened trading at $0.115
Forum Energy Metals Corp. (FMC) has announced a non-brokered private placement for gross proceeds of up to $1.7 million.
The company will issue up to 13,076,923 flow-through units for $0.13 per FT unit. Each FT unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for C$0.17 for a period of 24 months following the closing date of the offering.
Forum intends to use the proceeds of the offering for drilling at its 100-per-cent-owned Wollaston uranium project in the northeast Athabasca Basin, Saskatchewan and further exploration of the company’s uranium, copper, nickel and cobalt projects in Saskatchewan and Nunavut.
The closing of the offering is expected to occur on or about December 16, 2022, pending regulatory approvals.
Forum Energy Metals Corp. is an energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan, a uranium land position in Nunavut and a cobalt land position in the Idaho Cobalt Belt.
Forum Energy Metals Corp. opened trading at $0.115.