Summer FinancingVancouver, B.C., August 11, 2009. Forum Uranium Corp (FDC: TSX-V) is pleased to announce that it has closed the first tranche of its private placement previously announced on July 23, 2009. The Company has raised $125,000 through the issuance of 1,250,000 Flow Through Common Shares.
Finder's fees were paid on this portion of the financing in the amount of $7,700 as cash commissions and 77,000 broker's warrants, each warrant entitling the holder to purchase one additional common share at a price of
.10 within one year expiring August 10, 2010. All securities issued pursuant to the private placement are subject to a four month hold period expiring December 11, 2009.
Vancouver, B.C., August 18, 2009. Forum Uranium Corp (FDC: TSX-V) is pleased to announce that it has closed the final tranche of its private placement previously announced on July 23, 2009 and August 11, 2009. The Company has raised an additional $170,000 through the issuance of 1,700,000 Flow Through Common Shares at a price of
.10. The private placement was oversubscribed by $45,000 for an additional 450,000 Flow Through Shares.
Finder's fees were paid on this portion of the financing in the amount of a commission of $8,750 and 87,500 broker's warrants, each warrant entitling the holder to purchase one additional common share at a price of
.10 within one year expiring August 17, 2010. All securities issued in the final tranche of the private placement are subject to a four month hold period expiring December 18, 2009.
The total funds raised in this financing were $295,000 through the issuance of a total of 2,950,000 Flow Through Common Shares.
So, almost 3 million shares can trade Dec. 11th & 18th. Potential buying opportunity?