Foremost Clean Energy Announces Brokered Private Placement For Gross Proceeds Of Up To C$7M, Including Participation Of Denison Mines
Portfolio Pulse from Benzinga Newsdesk
Foremost Clean Energy Ltd. (NASDAQ:FMST) has announced a brokered private placement to raise up to C$7 million, with Denison Mines participating. The offering includes various units priced between C$3.00 and C$4.55, with Red Cloud Securities Inc. acting as the lead agent.
October 24, 2024 | 8:39 pm
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Foremost Clean Energy is conducting a private placement to raise up to C$7 million, which could impact its stock price as it involves new equity issuance.
The private placement involves issuing new equity, which can dilute existing shares but also provides capital for growth. The participation of Denison Mines adds credibility. The impact on stock price is uncertain as it depends on market perception of the dilution versus growth potential.
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