Offering had priced for C$6 million; funds to be used for exploration
By Devika Patel
Knoxville, Tenn., Oct. 27 - Fission Energy Corp. said it increased a private placement of stock to C$10.03 million from C$6 million. The deal priced Wednesday.
The company will now sell 11.8 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 on a bought-deal basis by a syndicate of underwriters led by Dundee Securities Ltd. and including National Bank Financial Inc., Raymond James Ltd. and Versant Partners Inc.
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$10.03 million
|
Shares: | 11.8 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
|
Upsized: | Oct. 27
|
Settlement date: | Nov. 17
|
Stock symbol: | TSX Venture: FIS
|
Stock price: | C$0.82 at close Oct. 26
|
Market capitalization: | C$81.6 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.