On January 16, 2017, Forum Uranium Corp. (TSXV:FDC closed the transaction. The company issued 175,000 flow through common shares and 2,405,000 units for total proceeds of CAD 206,400 in the final tranche. The transaction involved participation from 19 placees, including Richard Mazur for 150,000 non-flow through shares, existing investor Carter Capital Limited for 380,000 non-flow through shares, Howard Haugom for 625,000 non-flow through shares. The company has received approval from TSX Venture Exchange with respect to this transaction. The company paid finder's fees of CAD 13,650 and issued 170,625 finder's warrants to Gravitas Securities Inc., CAD 7,000 and issued 87,500 finder's warrants to Accilent Capital Management Inc., CAD 1,120 and issued 14,000 finder's warrants to Canaccord Genuity Corp., CAD 1,960 and issued 24,500 finder's warrants to PI Financial Corp., CAD 980 and issued 12,250 finder's warrants to Raymond James Ltd., and 168,560 finder's warrants to Maple Leaf Short Duration The warrants will expire on January 13, 2019. The company paid CAD 2,940 as finder's fees and issued 36,750 finder's warrants in this tranche. Each finder's warrant entitles the holder to purchase one additional common share at a price of CAD 0.08 per share for a period of one year from the date of closing.