Each receipt is exchangeable into one flow-through common share
By Toni Weeks
San Luis Obispo, Calif., Oct. 3 - Fission Uranium Corp. said it will raise C$10 million in a bought-deal private placement of subscription receipts. The offering has a 15% greenshoe and will be led by Dundee Securities Ltd.
The company will sell 6.67 million subscription receipts at C$1.50 each. Each subscription receipt is exchangeable into one flow-through common share. After conversion, the price per share is a 20% premium to the closing share price of C$1.25 on Oct. 2.
Settlement is expected Oct. 24.
Proceeds will be used for exploration of the Paterson Lake South project.
Based in Kelowna, B.C., Fission is a resource company that focuses on the strategic acquisition, exploration and development of uranium properties.
| Issuer: | Fission Uranium Corp.
|
| Issue: | Subscription receipts exchangeable into flow-through common shares
|
| Amount: | C$10,005,000
|
| Greenshoe: | 15%
|
| Receipts: | 6.67 million
|
| Price: | C$1.50
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), Raymond James, Ltd., Cantor Fitzgerald Canada Corp., Canaccord Genuity Corp. and Macquarie Capital Markets Canada Ltd.
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 24
|
| Stock symbol: | TSX Venture: FCU
|
| Stock price: | C$1.25 at close Oct. 2
|
| Market capitalization: | C$181.8 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.
