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F3 Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million
Newsfile· 2025-09-11 16:58
Core Viewpoint - F3 Uranium Corp. has announced an increase in its private placement offering from C$15 million to C$17 million due to strong investor demand [2]. Group 1: Offering Details - The offering consists of Units and Flow-Through (FT) Units, with each Unit comprising one common share and one-half of a warrant [4]. - The FT Units will be issued as flow-through shares, qualifying for tax benefits under Canadian regulations [4]. - The lead underwriter for the offering is Red Cloud Securities Inc., which has an option to purchase additional units for up to C$3 million in gross proceeds [5]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to fund exploration projects in the Athabasca Basin and for general corporate purposes [6]. - The gross proceeds from FT Shares will be used to incur eligible Canadian exploration expenses related to uranium projects [7]. Group 3: Offering Structure - The offering includes 25 million units at a price of C$0.20 per Unit, 23.33 million federal flow-through units at C$0.30 each, and 15.15 million Saskatchewan flow-through units at C$0.33 each [8]. - The offering is scheduled to close on October 1, 2025, subject to regulatory approvals [12]. Group 4: Company Overview - F3 Uranium Corp. focuses on uranium exploration, particularly in the high-grade JR Zone and Tetra Zone in the Athabasca Basin, which is known for significant uranium deposits [14].
Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement
Globenewswire· 2025-09-02 13:57
Core Viewpoint - Stallion Uranium Corp. has successfully completed a $15 million financing through a non-brokered private placement, enhancing its position to advance exploration in the Athabasca Basin as global uranium demand increases [2][8]. Group 1: Financing Details - The second tranche of the Offering closed with 22,305,600 NFT Units and 30,139,600 FT Units, raising gross proceeds of $4,461,120 and $6,027,920 respectively [1][2]. - The total gross proceeds from both tranches amount to $15,000,000, with 43,545,400 NFT Units and 31,454,600 FT Units issued [2]. Group 2: Unit Structure - Each FT Unit consists of one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [3]. - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, allowing the purchase of an additional NFT Share at $0.26 for 60 months [4]. Group 3: Use of Proceeds - Proceeds from the FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [8]. - Net proceeds from the NFT Units will be used for exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [8]. Group 4: Insider Participation - A new Control Person, Mr. Matthew Mason, emerged from the Offering by purchasing 15,000,000 FT Units, which required approval from disinterested shareholders [7][12]. Group 5: Advisory Fees - The Company paid a total of $375,000 in advisory fees to Canaccord Genuity Corp. and Taylor K. Housser, with payments made through the issuance of units matching the terms of the NFT Units [9][10].