good news as we only filled $400K in the first tranche..guess the financing may have some people selling to hedge their holdings, accounting fro the drop back to 40 cents..once closed, I think we'll see firmer prices again
Forum Increases Private Placement
06:30 EST Friday, February 15, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2013) - Forum Uranium Corp. (TSX VENTURE:FDC) ("Forum" or the "Company") is pleased to announce that it has increased its private placement previously announced on January 14, 2013 and January 23, 2013 from $2,000,000 to $2,500,000.
Proceeds from this financing will be used for drilling in the Maurice Bay deposit area on the NW Athabasca project, exploration on the newly acquired Clearwater claims adjacent to the Fission/Alpha PLS discovery in the Athabasca Basin and for general working capital.
The increased offering remains subject to the acceptance of the TSX Venture Exchange.