Vancouver, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE:URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) announces that, it will enter into a debt settlement agreement for the issuance of 2,000,000 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.205 per Share to creditors (the “Creditors”) for settlement of debts owing to the Creditor in an aggregate amount of $410,000 for consulting, legal and administrative services provided to the Company by the Creditors (the “Shares for Debt Settlement”), which includes $73,500 to a Director and Officer.
All the Shares issued in connection with the Shares for Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Closing of the Shares for Debt Settlement is subject to a number of conditions, including…
