F3 Uranium is pleased to announce that it has initiated steps to spin-out 14 of the Company's prospective uranium exploration projects in the Athabasca Basin including the Murphy Lake, Cree Bay, Hearty Bay, Clearwater West, Wales Lake, Todd, Smart Lake, Lazy Edward Bay, Grey Island, Seahorse Lake, Bird Lake, Beaver River, Bell Lake and Flowerdew Lake properties into a newly incorporated wholly-owned subsidiary to be named F4 Uranium Corp. . The Patterson Lake North Property along with the Broach and Minto Properties , totaling 39,946 hectares, will remain with F3. It is expected that the Spin-Out will be effected by way of a plan of arrangement , under the Canada Business Corporations Act. Pursuant to the proposed terms of the Arrangement, the Company will transfer the ...