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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a positive 89-77-154 as the TSX Venture Exchange fell two points to 879. Dev Randhawa and Ross McElroy's F3 Uranium Corp. (FUU) added one-half cent to 12 cents on 707,000 shares. The company, a busy hunter of uranium in the Athabasca Basin district of Saskatchewan, has decided to settle a portion of the debt it owes to Denison Mines Corp. (DML: $3.75) with stock. Denison, says F3 Uranium, will accept as payment of the quarterly accrued interest owed to it, a combination of nearly 798,000 shares worth 14.1 cents apiece, along with a $225,000 cash payment.

The interest derives from a $15-million debenture issued three years ago that carried a 9-per-cent coupon, payable quarterly. The debenture matures in the fall of 2028 and is convertible at Denison's option into F3 Uranium common shares at 56 cents per share -- little danger of that in other words -- and F3 Uranium can pay one-third of the accrued interest in stock.

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