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F3 Uranium (FUU.V) has elected to settle part of accrued interest under a financing agreement with Denison Mines (DML.TO) with the issuance of common shares.The company previously said it was seeking approval to settle a total of C$225,000 in interest, representing the accrued total from Oct. 1, 2025, to March 31, 2026.The total interest owed will be settled through an issuance of 1.6 million common shares at a deemed price of $0.143 per share, subject to TSX Venture Exchange approval.The debenture carries a 9% coupon, payable quarterly, has a maturity date of Oct. 18, 2028, and is convertible at Denison's option into common shares of F3 at a conversion price of $0.56 per share.
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