Fryer Russell S. Form 4 Western Uranium / Russell S. Fryer ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fryer Russell S.

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Western Uranium Corp [ WSTRF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares								2,702,935	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$1.2745	10/06/2017		A		200,000		(2)	(3)	Common Shares	200,000	$0.00	200,000	D(4)
Stock Options	$1.8903							(5)	(6)	Common Shares	150,000		150,000	D(4)

1. Name and Address of Reporting Person^*

Fryer Russell S.

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Baobab Asset Management LLC

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

Explanation of Responses:

1. Securities are directly held by Baobab Asset Management LLC, Mr. Fryer Manages and owns 100% of Baobab Asset Management LLC.

2. Vesting: 1/3 on October 6, 2017, 1/3 on October 31, 2017 and 1/3 on March 31, 2018.

3. Expiration Date: 1/3 on October 6, 2022, 1/3 on October 31, 2022 and 1/3 on March 31, 2023.

4. Securities are directly owned by Mr. Fryer.

5. Vesting: 1/3 on October 4, 2016, 1/3 on October 31, 2016 and 1/3 on March 31, 2017.

6. Expiration Date: 1/3 on October 4, 2021, 1/3 on October 31, 2021 and 1/3 on March 31, 2022.

	/s/ Russell S. Fryer	10/11/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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