F3 Uranium and F4 Uranium Announce Completion of Arrangement
F3 Uranium and F4 Uranium Announce
Completion of Arrangement
Kelowna, British Columbia--(Newsfile Corp. - August 16, 2024) -
F3 Uranium Corp.
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
") and F4 Uranium Corp. ("
F4
") are pleased to announce that they have
completed the previously announced plan of arrangement under the
Canada Business Corporations Act
(the "
Arrangement
"), effective as at 12:01 a.m. (Vancouver time) on August 15, 2024 (the "
Effective
Date
"). F3 obtained a final order from the Supreme Court of British Columbia dated August 13, 2024
approving the Arrangement. The Arrangement was previously approved by shareholders of F3 at a
special meeting on August 8, 2024.
Pursuant to the Arrangement, the holders of common shares of F3 were entitled to receive at the
Effective Date, in exchange for each common share of F3 held at the close of business the day before
the Effective Date (i) one new common share of F3; and (ii) one-tenth of a F4 share. All outstanding
options, warrants and restricted share units of F3 were adjusted in accordance with the terms of the plan
of arrangement as set forth in greater detail in F3's management information circular dated June 28,
2024.
About F3 Uranium Corp.:
F3 is a uranium exploration company advancing its newly discovered high-grade JR Zone and exploring
for 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 project,
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
development for new uranium operations in northern Saskatchewan. The PLN project is comprised of
the PLN, Minto and Broach properties. The Broach property incorporates the PW property which F3
obtained from CanAlaska as the result of a property swap.
About F4 Uranium Corp.:
F4 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. F4 Uranium currently has 17
projects in the Athabasca Basin, several of which are near large uranium discoveries including Triple R,
Arrow and Hurricane. F4 has entered into option agreements on several of the properties which call for
the incoming parties to make cash payments and issue shares to F4 as well as to incur exploration
expenditures on the properties in which they have been granted the option to earn an interest.
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, are "forward-looking statements." These forward-looking
statements reflect the expectations or beliefs of management of F3 and F4 based on information
currently available to them. Forward-looking statements are subject to a number of risks and
uncertainties, including those detailed from time to time in filings made by F3 and F4 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 F3 and F4 undertake 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 has not reviewed, approved or disapproved the contents of this news
release, and does not accept responsibility for the adequacy or accuracy of this news release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
F4 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
F3 Uranium Corp.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/220180