By Devika Patel
Knoxville, Tenn., April 7 - Fission Energy Corp. said it settled a C$7.5 million brokered private placement of stock and units and a C$1.11 million non-brokered private placement of units. Both deals priced March 9, with the brokered deal originally priced at C$7 million and the non-brokered offering priced at C$2 million.
In the brokered offering, the company sold 2,635,000 flow-through shares at C$0.95 each for C$2.5 million. It also sold 6.25 million units of one common share and a half-share warrant at C$0.80 per unit for C$5 million.
The whole warrants are exercisable at C$1.00 for two years.
The deal was conducted by Dundee Securities Corp. and a syndicate of underwriters. There is a greenshoe for C$3 million, or 3.75 million units.
The company also conducted a concurrent non-brokered private placement of 1,392,000 units for C$1.11 million.
Proceeds will be used to advance development of the company's properties, for acquisitions and for general working capital.
Based in Kelowna, B.C., Fission is a uranium exploration and development company with properties in Saskatchewan's Athabasca basin, Alberta, Quebec and an international property in Peru.
| Issuer: | Fission Energy Corp.
|
| Amount: | C$8,616,850
|
| Pricing date: | March 9
|
| Settlement date: | April 7
|
| Stock symbol: | TSX Venture: FIS
|
| Stock price: | C$0.83 at close March 9
|
| Market capitalization: | C$42.9 million
|
|
|
| Brokered deal
|
| Issue: | Flow-through shares, units of one common share and a half-share warrant
|
| Amount: | C$7,503,250
|
| Greenshoe: | C$3 million, or 3.75 million units
|
| Agent: | Dundee Securities Corp.
|
|
|
| Shares
|
| Amount: | C$2,503,250
|
| Shares: | 2,635,000
|
| Price: | C$0.95
|
| Warrants: | No
|
|
|
| Units
|
| Amount: | C$5 million
|
| Units: | 6.25 million
|
| Price: | C$0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
|
|
| Non-brokered deal
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1,113,600
|
| Units: | 1,392,000
|
| Price: | C$0.80
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
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