Forum Closes Final Tranche of Private Placement and Raises $876,000

February 4, 2016

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Forum Uranium Corp. (TSXV:FDC) announced that it has closed the final tranche of its private placement previously announced on December 21, 29, 31, 2015 and January 13, 2016.

The Company has raised a total of $625,500 in FT Units and $250,500 in NFT Units for total proceeds of $876,000. The proceeds from this financing will be used for drilling at its 100% owned Highrock and Highrock South projects nearby Cameco’s Key Lake Mine and Mill, gravity and radon surveys at its 100% owned Fir Island project as a follow-up from a successful drill campaign earlier in the year and for working capital.

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Category: Energy