Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or "the Company") announces that, further to its news release of December 5, 2022, it has increased its Offering to up to a total of $2,200,000 from the previously announced $1,700,000. All other aspects of the Offering remain as disclosed in the December 5th news release.
The Company also announces that it has closed the first tranche of the Offering. The Company raised $1,498,300 through the issuance of 11,525,386 flow through units priced at $0.13 per unit. Each unit consists of one flow through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.17 for up to two years expiring December 16, 2024.
The Company paid $101,241 and issued 778,777 finder warrants. The finder warrants are priced at $0.13 for a term of two […]
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