Offering has C$900,150 greenshoe; proceeds to be used for exploration
By Devika Patel
Knoxville, Tenn., Oct. 26 - Fission Energy Corp. said it has arranged a C$6 million private placement of stock.
The company will sell 7.06 million flow-through shares at C$0.85 each. The price per share is a 6.25% premium to the Oct. 25 closing share price of C$0.80.
Settlement is expected Nov. 17.
The deal will be conducted by a syndicate of underwriters led by Dundee Securities Ltd. and including National Bank Financial Inc., Raymond James Ltd. and Versant Partners Inc. There is a greenshoe for C$900,150.
Proceeds will be used for exploration.
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.
|
| Issue: | Flow-through shares
|
| Amount: | C$6,001,000
|
| Greenshoe: | C$900,150
|
| Shares: | 7.06 million
|
| Price: | C$0.85
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), National Bank Financial Inc., Raymond James Ltd. and Versant Partners Inc.
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 17
|
| Stock symbol: | TSX Venture: FIS
|
| Stock price: | C$0.82 at close Oct. 26
|
| Market capitalization: | C$82.6 million
|
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