F3 Shareholders to Receive a Free Dividend F4 Share
F3 Shareholders to Receive a Free Dividend F4
Share
Kelowna, British Columbia--(Newsfile Corp. - August 12, 2024) -
F3 Uranium Corp
(
TSXV: FUU
)
(
OTCQB: FUUFF
) ("
F3
" or "
the Company
") is pleased to announce the distribution of common shares
of F4 Uranium Corp. to F3 shareholders of record as of August 14, 2024, based on one F4 common
share for each common share of F3 held. The F4 shares will then be rolled back at a rate of 10 to 1.
The distribution will be considered a dividend for tax purposes.
The Arrangement remains subject to final approval of the Supreme Court of British Columbia (the
"Court") scheduled for August 13, 2024, and acceptance from the TSX Venture Exchange, and is
expected to be completed on or about August 15, 2024. F4 will apply to list its common shares on the
TSX Venture Exchange and the OTC.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the
Athabasca Basin, home to some of the world's largest high grade uranium discoveries. F3 Uranium
currently has 20 projects in the Athabasca Basin. Several of F3's projects are near large uranium
discoveries including Triple R, Arrow and Hurricane. F3 has announced a transaction pursuant to which it
will transfer 17 of its prospective uranium exploration properties to F4 in exchange for common shares of
F4 which will be distributed to F3 shareholders based on one F4 Share for every common share of F3
held; the F4 shares will then be rolled back at a rate of 10 to 1. F3 will retain the PLN Project consisting
of the PLN, Misto and Broach properties. The Broach property incorporates the PW property which it
obtained from CanAlaska as the result of a property swap.
Forward-Looking Statements:
This news release contains certain forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions,
expectations or beliefs of future performance, including statements regarding the suitability of the
Properties for mining exploration, future payments, issuance of shares and work commitment funds,
entry into of a definitive option agreement respecting the Properties, are "forward-looking statements."
These forward-looking statements reflect the expectations or beliefs of the management of the Company
based on information currently available to it. Forward-looking statements are subject to a number of
risks and uncertainties, including those detailed from time to time in filings made by the Company with
securities regulatory authorities, which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should be considered carefully and readers
are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
statements and information contained in this news release are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or
disapproved the contents of this press release, and do not accept responsibility for the adequacy or
accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/219549