Foremost Clean Energy Raises C$5.7M Bought Deal

Foremost Clean Energy Ltd. completed its bought deal private placement for aggregate gross proceeds of C$5,746,680, including C$245,480 from a partial exercise of the underwriter option. The offering issued 1,690,200 flow-through units priced at C$3.40 per FT Unit.

Each FT Unit includes one common share and one half of one common share purchase warrant, with FT Warrants exercisable for one common share at C$4.40 on or before March 31, 2028. The offering was led by Canaccord Genuity Corp. as lead underwriter and sole bookrunner.