VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 27, 2012) - Forum Uranium Corp. (TSX VENTURE:FDC) announces that it has completed the consolidation of its common shares on the basis on one (1) "new" common share for fifteen (15) "old" common shares as approved by shareholders at Forum`s Annual and Special Meeting held on December 14, 2012. Effective Thursday, January 3, 2013, the common shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol "FDC".
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest whole number. The new CUSIP/ISIN numbers are 349852301/CA3498523016.
Following consolidation and subject to rounding, Forum will have issued and outstanding 10,652,364 common shares. All outstanding options and warrants of the Company will be adjusted accordingly to reflect the share consolidation.