Benz Mining Corp. press release
Forum Announces Upsize of Non-Brokered Private Placement of up to C$3.5 Million
TSXV - TSX Venture Exchange · Gold · Copper · Silver · Lithium · Cesium · Tantalum · Rubidium · Nickel · Beryllium · Tin · Niobium · Canada · Financing
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - Forum Energy Metals Corp.(TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news release of earlier today, due to significant investor demand, the Company has increased the size of its non-brokered private placement (the "Offering") from C$2.5 million to up to C$3.5 million. Under the increased Offering, the Company will sell up to 7,777,777 flow-through units of the Company (the "FT Units") at a price of C$0.45 per FT Unit for gross proceeds to the Company of up to C$3,000,000 (the "Offering"). Red Cloud Securities Inc. is acting as a finder in connection with a majority of the Offering.
The use of proceeds are for further exploration of the Company's uranium, copper, nickel and palladium projects in Saskatchewan.
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners, Rio Tinto and Orano, for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
NORTH AMERICA
Rick Mazur, P.Geo., President & CEO mazur@forumenergymetals.com Tel: 778-772-3100
UNITED KINGDOM
Burns Singh Tennent-Bhohi, Director burnsstb@forumenergymetals.com Tel: 074-0316-3185
Not for distribution to United States Newswire Services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88588
Earlier from Benz Mining Corp.
- Forum Announces Non-Brokered Flow Through Private Placement of up to C$2.5 Million
- Rio Tinto Commences Drilling at Forum's Janice Lake Copper/Silver Project, Saskatchewan
- Rio Tinto Intersects 14 Metres of 0.89% Copper and 8 G/t Silver Including 6 Metres of 1.67% Copper and 13 G/t Silver at Forum's Janice Lake Copper/Silver Project, Saskatchewan
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