F3 Uranium Corp. (TSXV: Fuu, OTC: Fuuff) (OTCQB: Fuuff) (“F3” or the “Company”) notes that his financing agreement with Denison Mines Corp. (TSX: DML) (NYSE American) (“Denison”) of October 2023 has been given part of the interest accruent in Common Accred in Common Accred in Common Accounted Committee Accred in Common Accred (the “debt settlement”).
The payment to Denison consists of a cash payment of $ 225,000 and a total of 556,931 ordinary shares of the company at an assumed price of $ 0.202 per share
Conditions of the bond as previously announced
The bond has a 9% coupon (the “Interest“), to be paid every quarterly, has an expiry date of October 18, 2028 and is convertible to the Denison option in ordinary shares of the company at a conversion price of $ 0.56 per share (the”Conversion price“) F3, at its own discretion, can pay a third of the importance of ordinary shares of F3 at a price per common share equal to the volume-weighted average trading price of the ordinary shares of F3 on the TSX Venture Exchange (the”TSXV“) For the 20 trade days that end on the day prior to the date on which such a payment of interest is due. Full details of the bond are noted in the press releases of October 6 and October 18, 2023.
All securities issued on the basis of the debt scheme are subject to the approval of the TSX-V and, when issued, a legal hold period in Canada that expires four months and one day after the date of issue.
The stock-for-debt transaction was approved by the board of directors of the company on the basis of the conditions of the bond and did not require formal appreciation or approval of the minority shareholder on the basis of multilateral instrument 61-101.
About F3 Uranium Corp.:
F3 Uranium is a uranium exploration company, aimed at the recently discovered high-quality JR zone on the Patterson Lake North (PLN) project in the western Athabasca basin. F3 Uranium currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto and Broach. The west side of the Athabasca -Basin, Saskatchewan, is the home of some of the world’s largest high -quality uranium deposits, including Paladin’s Triple R and Nexgen’s Arrow.
Foresighting statements
This press release contains certain statements that can be considered “future -oriented statements”. All statements in this press release, other than explanations of historical facts, that tackle events or developments that the company expects to happen are future -oriented statements. Forward -looking statements are statements that are not historical facts and in general, but not always, identified by the words “expected”, “plans”, “anticipating”, “believes”, “intend”, “estimates”, “projects”, “potential” and similar expressions, or “should” or “should”, “the” would “,” “,” ” Expectations expressed in such future-oriented explanations are based on reasonable assumptions, such statements are not guarantees for future performance and the actual results can vary from those in the future-oriented statements that can mean the actual results of those in future-oriented statements, marketing and general placement of the troubleship and general placement. Business conditions are noticed that such explanations are no guarantees or developments that are projected in the future -looking statements. to update future -oriented explanations in the event that the beliefs, estimates, opinions or other factors of management have to change.
The TSX Venture Exchange has not assessed, approved or rejected the content of this press release and accepts no responsibility for the adequacy or accuracy of this release.
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