Forum Energy Metals Corp (TSE:FMC) has released an update.
Forum Energy Metals Corp. has launched a non-brokered private placement to raise $1,000,000, offering over 7 million units at $0.135 each, which includes a common share and a half share purchase warrant. The proceeds are aimed at boosting working capital, with the placement subject to TSX Venture Exchange approval and securities being subject to a four-month hold period. This fundraising initiative does not constitute an offer of securities in the United States, as they have not been registered under U.S. securities laws.
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