Forum Energy Metals looks to raise $1M in private placement (OTCQB:FDCFF)

· Business · By ReportWire
Forum Energy Metals looks to raise M in private placement (OTCQB:FDCFF)
  • Forum Energy Metals (OTCQB:FDCFF) said it intends to conduct a non-brokered private placement of up to 7.41M units at $0.135 per unit for gross proceeds of up to $1M.
  • Each unit will consist of one common share and one-half of one share purchase warrant.
  • Each warrant will entitle the holder to purchase one share at $0.20 per warrant share.
  • The company plans to use the proceeds for working capital

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