First American Uranium Announces Shares for Debt

Group 1 - First American Uranium Inc. will enter into a debt settlement agreement involving the issuance of 2,000,000 common shares at a deemed price of $0.205 per share, totaling $410,000 for services provided by creditors [1][2] - The debt settlement includes $73,500 owed to a Director and Officer of the Company [1] - All shares issued will be subject to a statutory hold period of four months plus a day from the date of issuance, pending necessary corporate and regulatory approvals [2] Group 2 - First American Uranium Inc. is focused on mineral exploration and acquisition of mineral property assets in North America, with an objective to develop economic precious and base metal properties [3] - The Company is conducting exploration programs on the Silver Lake property, located approximately 30 km southeast of Houston, British Columbia [3]