02:14:54 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Fission Uranium Corp
Symbol FCU
Shares Issued 368,685,972
Close 2015-03-31 C$ 1.32
Market Cap C$ 486,665,483
Recent Sedar Documents

Fission Uranium increases bought deal to $17.4-million

2015-04-01 10:16 ET - News Release

Mr. Ross McElroy reports

FISSION URANIUM ANNOUNCES INCREASE IN BOUGHT DEAL TO $17.4 MILLION

Fission Uranium Corp. has entered into a revised letter of engagement with Dundee Securities Ltd., on behalf of a syndicate of underwriters including BMO Capital Markets, Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and TD Securities Inc., under which the underwriters have now agreed to purchase 11.6 million flow-through common shares of the company, on a bought-deal basis, subject to all required regulatory approvals, at a price per flow-through share of $1.50, for total gross proceeds of $17.4-million.

The underwriters have been granted the option to purchase up to an additional 15 per cent of the offering, exercisable in whole or in part, at any time up to 30 days from to the closing of the offering.

The company intends to use the gross proceeds of the offering for Canadian exploration expenses that are flow-through mining expenditures (within the meaning of the Income Tax Act (Canada)) related to the company's Canadian uranium mining exploration projects. The company will agree to renounce such Canadian exploration expenses with an effective date of no later than Dec. 31, 2015.

The flow-through shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, except Quebec, pursuant to National Instrument 44-101, Short Form Prospectus Distributions.

The closing date of the offering is scheduled to be on or about April 29, 2015, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

We seek Safe Harbor.

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