First American Uranium Announces Non-Brokered Private Placement of Shares

Group 1 - First American Uranium Inc. is proceeding with a non-brokered private placement of up to 8,000,000 common shares at a price of $0.30 per share, aiming for gross proceeds of up to $2,400,000 [1][2] - The company will pay finders' fees of up to 7.0% of the gross proceeds and issue non-transferable finders' warrants equivalent to 7.0% of the shares sold, allowing the holder to acquire shares at $0.30 for 24 months [2][4] - The net proceeds from the offering will be used for exploration work programs, mineral property acquisitions, marketing, and general working capital [3][4] Group 2 - The closing of the offering is subject to corporate and regulatory approvals, including those from the Canadian Securities Exchange (CSE), and there is no minimum subscription requirement [4] - All securities issued will be subject to a statutory hold period of four months plus a day from the issuance date [4] - First American Uranium Inc. focuses on mineral exploration and acquisition in North America, particularly on the Silver Lake property located in British Columbia [6]