Thu Oct 1, 2009 Forum Increases Financing to $900,000
Vancouver, B.C. October 1, 2009. Forum Uranium Corp. (FDC: TSX-V) is pleased to announce that due to strong response from investors, the Company has increased its non-brokered private placement financing to $900,000 from the initially targeted $800,000 as set out in the Company's news release disseminated earlier today. The amended financing will be completed through the issuance of up to 11,250,000 units at a price of $0.08 per unit on the same terms as set out in the Company's news release of earlier today.
About Forum Uranium
Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits nearby existing infrastructure by exploring on its 100% owned properties and through strategic partnerships and joint ventures.
ON BEHALF OF THE BOARD
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur
President & CEO
Tel: 604-630-1585
Or Mark Prosser
Corporate Communications
FORUM URANIUM CORP.
910-475 Howe Street
Vancouver, BC V6C 2B3
Tel: 604-638-3947
Fax: 604-662-8429
Email:
Website: www.forumuranium.com
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