Mr. Richard Mazur reports
FORUM CLOSES NON-BROKERED PRIVATE PLACEMENT
Forum Uranium Corp. has closed its non-brokered private placement previously announced on Dec. 12, 2017. The company has raised $316,000 through the issuance of 3.95 million units at a price of eight cents per unit. Each unit is composed of one flow-through common share and one-half of one share purchase warrant. Each whole warrant is exercisable to purchase one non-flow-through common share of the company at a price of 12 cents per share for a period of 30 months expiring June 22, 2020.
The company paid $14,000 in cash commissions and issued 175,000 finder warrants at a price of eight cents per finder warrant exercisable until Dec. 22, 2018. All securities issued are subject to a four-month hold period expiring April 23, 2018.
The proceeds from this financing will be used for exploration of the company's 100-per-cent-owned Maurice Point project adjacent to the Maurice Bay uranium deposit.
About Forum Uranium
Corp.
Forum Uranium is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a record of mine discoveries for unconformity-style uranium deposits in Canada. The company has a strategy to discover near-surface uranium deposits in the Athabasca basin, Saskatchewan, by exploring on its 100-per-cent-owned properties and through strategic partnerships and joint ventures with Cameco, Areva, Rio Tinto Exploration, NexGen and Uracan.
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