Brokered offering with C$2 million greenshoe will finance exploration
By Devika Patel
Knoxville, Tenn., Dec. 6 - Fission Energy Corp. said it will conduct a C$3 million private placement of stock through a syndicate of underwriters led by Dundee Securities Ltd. and including Cantor Fitzgerald Canada Corp. and Raymond James Ltd. There is a C$2 million greenshoe.
The company will sell 5 million flow-through common shares at C$0.60 per share on a bought-deal basis. The price per share reflects an 11.11% premium to the Dec. 5 closing share price of C$0.54.
Settlement is expected Dec. 21.
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 common shares
|
| Amount: | C$3 million
|
| Greenshoe: | C$2 million
|
| Shares: | 5 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), Cantor Fitzgerald Canada Corp. and Raymond James Ltd.
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 21
|
| Stock symbol: | TSX Venture: FIS
|
| Stock price: | C$0.54 at close Dec. 5
|
| Market capitalization: | C$67.23 million
|
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