Forsys Metals Corp. Completes $13 Million Bought Deal Private Placement

April 21, 2021

Forsys Metals Corp. (TSX: FSY) an emerging uranium developer with 100% ownership of the Norasa project that comprises the fully permitted Valencia uranium project and the Namibplaas uranium project in Namibia, Africa, completed a bought deal private placement offering of 26,000,000 units (“Units”) at a price of $0.50 per Unit for aggregate gross proceeds of $13 million (the “Offering”). Each Unit is comprised of one common share in the capital of Forsys Metals Corp. (“Common Share”) and one-half of one Common Share purchase warrant (“Warrant”). Each Warrant entitles a holder to purchase one Common Share at a price of $0.75 for a period of 24 months following the closing date. The Offering was conducted by Canaccord Genuity Corp. and Red Cloud Securities Inc. as co-lead underwriters (the “Co-Lead Underwriters”).

Wildeboer Dellelce LLP acted for the Co-Lead Underwriters in connection with the Offering with a team comprised of Sanjeev Patel, Natalie Tershakowec and Nick Robelek (corporate/securities).