F3 Uranium Corp. announced a bought deal private placement to issue 13,392,857 flow-through units at an issue price of CAD 0.56 per unit for the gross proceeds of CAD 7,499,999.92 on May 1, 2024. Each FT Unit will consist of one common share and one half of one Common Share purchase warrant.

Each whole Warrant shall entitle the holder to purchase one Common Share at a price of CAD 0.56 at any time on or before that date which is 24 months after the Closing Date. The Offering is expected to close on May 23, 2024. The Company will pay to the Underwriters a cash commission of 5.5% of the gross proceeds raised in respect of the Offering.

In addition, the Company will issue to the Underwriters warrants of the Company exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of Common Shares which is equal to 5.5% of the number of FT Units sold under the Offering at an exercise price equal to CAD 0.56 per Common Share. All FT Units sold to purchasers under the President's List will be subject to a reduced Underwriters' Commission of 2.75% and that number of Broker Warrants equal to 2.75% of the number of FT Units sold to purchasers under the President's List.