F3 Issues Shares FOR Interest Debt Settlement
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www.f3uranium.com
TSX VENTURE SYMBOL: FUU
OTC SYMBOL: FUUF
F3 ISSUES SHARES FOR INTEREST DEBT SETTLEMENT
Kelowna, British Columbia— (Newsfile Corp. – October 10, 2024) – F3 Uranium Corp . (TSXV: FUU)
(OTCQB: FUUF) (“ F3” or the “Company”) announce s that pursuant to its previously announced
financing with Denison Mines Corp. from October 2023, (“Denison”) (TSX: DML) (NYSE American:
DNN) it has elected to settle a portion of the interest owed to date in cash and common shares (the
“Debt Settlement”).
The payment to Denison will consist of $225,000 in cash and a total of 439,453 common shares of the
corporation.
Terms of the Debenture
The Debenture carries a 9% coupon (the “Interest”), payable quarterly, has a maturity date of October
18, 2028, and is convertible at Denison’s option into common shares of the Company at a conversion
price of $0.56 per share (the “Conversion Price”). F3, at its sole discretion, may pay up to one-third
of the Interest in common shares of F3 issued at a price per common share equal to the volume -
weighted average trading price of F3’s common shares on the TSX Venture Exchange (the “TSXV”) for
the 20 trading days ending on the day prior to the date on which such payment of Interest is due. Full
details of the debenture are noted in the press releases of October 6 and October 18, 2023.
All securities issued pursuant to the Debt Settlement are subject to the approval of the TSX- V and,
when issued, a statutory hold period in Canada expiring four months and one day from the date of
issuance.
The shares-for-debt transaction was approved by the Company’s Board of Directors pursuant to the
terms of the debenture and did not require a formal valuation nor minority shareholder approval
pursuant to Multilateral Instrument 61-101.
About F3 Uranium Corp.:
F3 Uranium is a uranium exploration company advancing its newly discovered high-grade JR Zone and
exploring additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the
southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property,
and the new JR Zone discovery is located ~25km northwest of Fission Uranium’s Triple R and NexGen
Energy’s Arrow high -grade uranium deposits. This area is poised to become the next major area of
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development for new uranium operations in northern Saskatchewan. The PLN project is comprised of
the PLN, Minto and Broach properties.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778-484-8030
Email: [email protected]
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
Forward Looking Statements
This news release contains "forward-looking information or statements" within the meaning of applicable securities laws,
which may include, without limitation, statements with respect to the use of proceeds, and the potential for development
of new uranium operations in northern Saskatchewan. All statements in this news release, other than statements of
historical facts, that address events or developments that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from
those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding
present and future business strategies and the environment in which the Company will operate in the future, including
the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a
material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-
looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and
assumptions, including those filed under the Company's profile on SEDAR+. Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather conditions, failure to obtain the
necessary equipment or machinery, failure to maintain all necessary government permits, approvals and authorizations,
failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of
counterparties to perform their contractual obligations. The Company does not undertake to update forward -looking
statements or forward-looking information, except as required by law.
The TSX Venture Exchange has not reviewed, approved or disapproved the contents of this press release, and does not
accept responsibility for the adequacy or accuracy of this release.