Forum Development Corp.

Forum Development Corp.

July 05, 2005 09:01 ET

Forum Amends Private Placement to Non-Brokered

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2005) - Forum Development Corp. (TSX VENTURE:FDC) has elected to amend the terms of the private placement previously announced on May 31, 2005. The company has arranged, on a non-brokered basis, to raise up to $1-million by issuance of flow-through shares and non-flow through units. Flow-through shares will be issued at a price of 25 cents per common share. Non-flow-through units will be issued at 20 cents per unit and will be comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share at a price of 30 cents at any time prior to 12 months after closing of this placement.

This financing will be marketed to certain investors in Europe, British Columbia, Alberta and Ontario. Finder's fees payable in cash and/or securities will be paid in conjunction with this placement and in accordance to TSX Venture Exchange policies. This financing is subject to regulatory approval.

Proceeds from this financing will be used for exploration on the companies' uranium properties located in the Athabasca Basin, Saskatchewan.

Forum Development Corp. is a diversified energy company with a focus on the acquisition, exploration and development of energy projects. The Company is exploring its 100%-owned uranium properties in the prolific Athabasca Basin, Saskatchewan and is evaluating a natural gas in coal project in the Merritt Coalfield in southern British Columbia. For further information about Forum, visit, or phone (604) 685-6377.


Rick Mazur, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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