F3 Issues Shares for Interest Debt Settlement
51407754.2
www.f3uranium.com
TSX VENTURE SYMBOL: FUU
OTC SYMBOL: FUUF
F3 Issues Shares for Interest Debt Settlement
Kelowna, British Columbia — (Newsfile Corp. – July 2, 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 316, 901 common shares of the
corporation.
Terms of the Debenture
The Debenture carr ies 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 I nterest 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 advancing the newly discovered high-grade JR Zone on the PLN Property in the Western
Athabasca Basin. This area of Saskatchewan is poised to become the next Uranium producer and home
to large uranium deposits including Tiple R, Arrow, and Shea Creek. F3 Uranium currently holds 18
projects across the Athabasca Basin
51407754.2
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778-484-8030
Email: ir@ f3uranium.com
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.
51407754.2
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