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Fission Uranium Corp
Symbol FCU
Shares Issued 586,545,364
Close 2021-05-11 C$ 0.62
Recent Sedar Documents

Fission Uranium closes $34.5-million bought deal

2021-05-11 12:10 ET - News Release

Mr. Ross McElroy reports

FISSION CLOSES C$34.5 MILLION BOUGHT DEAL OFFERING

Fission Uranium Corp. has closed its previously announced bought deal financing, consisting of 57.5 million units at a price of 60 cents per unit for gross proceeds of $34.5-million, inclusive of the full exercise of the overallotment option held by the underwriters.

Eight Capital and Sprott Capital Partners LP acted as co-lead underwriters, on behalf of a syndicate of underwriters including Canaccord Genuity Corp., BMO Nesbitt Burns Inc. and H.C. Wainwright & Co. LLC.

Each unit consisted of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 85 cents at any time on or before 5 p.m. on May 11, 2024.

The company intends to use the net proceeds of the offering to finance further development of the Triple R deposit in Saskatchewan and for working capital and general corporate purposes.

The offering was completed pursuant to a prospectus supplement to the company's base shelf prospectus dated Dec. 7, 2020.

About Fission Uranium Corp.

Fission Uranium is a Canadian-based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property -- host to the class-leading Triple R uranium deposit -- and is headquartered in Kelowna, B.C.

We seek Safe Harbor.

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