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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2367)	9/12/2013 9:04:11 AM
From: Goose94	Read Replies (1) \| Respond to of 202904

Forum Uranium (FDC-V) closes $2.59-million private placement from $1.5 million Aug 21, appointed James A. Hutton to Forum's advisory board Sept 10, 2013 - News Release Forum Uranium Corp., further to its news releases of Aug. 21 and Aug. 27, 2013, has raised $2,593,219 through the issuance of 7,008,702 units at a price of 37 cents per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 50 cents for a period of two years expiring Sept. 9, 2015. The company paid finders' fees of $161,245.68 and issued 368,949 finder warrants exercisable at a price of 37 cents for a period of two years expiring Sept. 9, 2015. All securities are subject to a four-month hold period expiring Jan. 10, 2014. Proceeds from this financing will be used to conduct ground geophysics and a winter drill program on the company's 100-per-cent-owned Clearwater project adjacent to and on trend with the Alpha/Fission Patterson Lake South uranium discovery in the western Athabasca basin, Saskatchewan. ______________________________________________________________________________________ Forum Uranium names Hutton to advisory board Sept 12, 2013 - News Release Forum Uranium Corp. has appointed James A. Hutton to Forum's advisory board. Mr. Hutton will advise management and the Board on corporate and financial matters. Mr. Hutton has spent his career in the financial services industry and for the past 25 years has specialized in resource company finance. Mr. Hutton is the President & Chief Executive Officer of Hutton Capital Corporation. Hutton Capital Corporation was an original investor in Roughrider Uranium Corp. which was acquired by Hathor Exploration Limited in 2006. Mr. Hutton was Chairman of Terra Ventures Inc. which owned a 10% carried interest in Hathor's Midwest North East Project. Terra was acquired by Hathor in August, 2011 and subsequently Hathor was acquired by Rio Tinto in January, 2012. He was the founder and President of Canada Dominion Resources Group of Companies, one of the largest flow through share funds in Canada. During Mr. Hutton's tenure, the Canada Dominion Resources Group completed in excess of $800 million in offerings, which subsequently focused their investments on mining and energy issuers actively exploring for resources in Canada. The Canada Dominion Resources Group was acquired from Mr. Hutton by the Dundee/Dynamic Mutual fund organization in December of 2006. During the acquisition period, Mr. Hutton served as President and COO of CMP Resource Group from 2003 to 2005. He is currently on the Board of Santacruz Silver Mining Inc. and is the President and Director of EFLO Energy Inc. Mr. Hutton commented, "I am quite impressed with the quality of Forum's uranium portfolio and management team. I look forward to working with the Company as it advances its exploration assets to discovery. I am thoroughly convinced that nuclear energy and the uranium sector have a bright future." Richard Mazur, President and CEO stated, "James' appointment to the Forum team in an advisory capacity adds a key component for the future growth of the Company. As with our technical team's track record for discovery, James' track record for success in the financial sector speaks for itself. The Board of Directors welcome Mr. Hutton to the Company." Forum also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 600,000 common shares exercisable on or before September 12, 2018 at a price of $0.37 per share.