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F4 Uranium Raises C$1 Million in a Brokered Private Placement Financing

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F4 Uranium (FFU.V) on Thursday closed its best-efforts brokered private placement of flow-through units raising C$1 million, including the partial exercise of the agent's over-allotment option.

The company sold 6.7-million flow-through units priced at C$0.15 apiece and made up of a tax advantaged share and a two-year warrant to buy a share for C$0.22,

Proceeds will incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" related to its uranium projects in the Athabasca Basin, Saskatchewan, on or before Dec. 31, 2027.

Shares of the company were last seen unchanged at C$0.13 on the TSX Venture Exchange.

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