Peterson McVicar Acts for Red Cloud in F3 Uranium Corp C$15 Million Bought Deal Private Placement

On August 14, 2023 F3 Uranium Corp. ("F3 Uranium" or the "Company") announced that it has entered
into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of
a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have
agreed to purchase for resale 30,927,835 flow-through units of the Company (each, a "FT Unit") at a
price of C$0.485 per FT Unit (the "Offering Price") on a "bought deal" basis in a private placement for
gross proceeds of C$15,000,000 (the "Underwritten Offering").
Each FT Unit will consist of one common share of the Company (each, a "Common Share") to be issued
as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and
one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole
Warrant shall entitle the holder to purchase one Common Share at a price of C$0.485 at any time on or
before that date which is 24 months after the Closing Date (as herein defined). The FT Shares will be
issued as charitable flow-through common shares of the Company.
The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing
Date, to purchase for resale up to an additional 4,639,175 FT Units at the Offering Price for additional
gross proceeds of up to C$2,250,000 (the "Over-Allotment Option", and together with the Underwritten
Offering, the "Offering").
The proceeds of the Offering will be used by the Company to fund exploration of the Company's projects
in the Athabasca Basin.
F3 Uranium (TSXV: FUU) (OTCQB: FUUFF) is a uranium project generator and exploration company,
focusing on projects in the Athabasca Basin, home to some of the world's largest high grade uranium
discovery. F3 Uranium currently has 18 projects in the Athabasca Basin.

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