F3 Uranium Announces Closing of Private Placements for Aggregate Gross Proceeds of C$12 Million

F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (‘F3 Uranium’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement (the ‘Brokered Private Placement’) and non-brokered private placement (the ‘Non-Brokered Private Placement’, together with the Brokered Private Placement, the ‘Offering’) for aggregate gross proceeds of C$12.0 million.

Collectively, the Company sold 25,531,915 flow-through units of the Company (each, a ‘FT Unit’) at a price of C$0.47 per FT Unit (the ‘Offering Price’).

Under the Brokered Private Placement, the Company sold 21,276,596 FT Units at the Offering Price for gross proceeds of C$10,000,000, which included the full exercise of the Underwriter’s over-allotment option. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Haywood Securities Inc., Sprott Capital Partners and Eight Capital Corp. (collectively, the ‘Underwriters’).

Under the Non-Brokered Private Placement, the Company sold 4,255,319 FT Units […]

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