C$2 million greenshoe exercised; proceeds will finance exploration
By Devika Patel
Knoxville, Tenn., Dec. 21 - Fission Energy Corp. said it settled a C$6 million private placement of stock. The deal priced with a C$2 million greenshoe on Dec. 6 and was increased to C$4 million from C$3 million on Dec. 7.
The company sold 10,001,001 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.
The deal was conducted through a syndicate of underwriters led by Dundee Securities Ltd. and including Cantor Fitzgerald Canada Corp. and Raymond James Ltd.
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 Peru.
| Issuer: | Fission Energy Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$6,000,601 (including C$2 million greenshoe)
|
| Shares: | 10,001,001
|
| Price: | C$0.60
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), Cantor Fitzgerald Canada Corp. and Raymond James Ltd.
|
| Pricing date: | Dec. 6
|
| Upsized: | Dec. 7
|
| Settlement date: | Dec. 21
|
| Stock symbol: | TSX Venture: FIS
|
| Stock price: | C$0.54 at close Dec. 5
|
| Market capitalization: | C$64.74 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.
