FIRST URANIUM RESOURCES LTD. ANNOUNCES UPSIZE PRIVATE PLACEMENT FINANCING TO $8M

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, March 24, 2022 (GLOBE NEWSWIRE) — First Uranium Resources Ltd. (the “ Company ” or “ First Uranium ”) (CSE: URNM) (OTCPK: KMMIF) (FSE:5KA0) is pleased to announce it has increased the size of the previously announced financing to C$8,000,000. The Company will issue subscription receipts of up to $8,000,000 gross proceeds at a price of $0.35 per subscription receipt for a total of up to 22,857,150 subscription receipts. Each subscription receipt is convertible into one common share and one half of a share purchase warrant, each whole warrant being exercisable into a common share for a price of $0.50 per share. The proceeds of the subscription private placement will be utilized for exploration work, and acquisition and development work on the Company’s Arkansas project described herein. Conversion of the […]

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