Brokered offering has 15% greenshoe; proceeds will finance exploration
By Devika Patel
Knoxville, Tenn., Aug. 18 – Fission Uranium Corp. said it has arranged a C$12.53 million private placement of stock with a 15% greenshoe.
The company will sell 8.35 million flow-through common shares at C$1.50 per share. The price per share reflects a 17.19% premium to the Aug. 15 closing share price of C$1.28.
The deal will be conducted on a bought-deal basis by a syndicate of underwriters led by Dundee Securities Ltd. and including BMO Capital Markets, Raymond James Ltd., Macquarie Capital Markets Canada Ltd. and Cantor Fitzgerald Canada Corp.
Settlement is expected Sept. 23.
Proceeds will be used for exploration.
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: | Flow-through common shares
|
| Amount: | C$12,525,000
|
| Greenshoe: | C$1,878,750
|
| Shares: | 8.35 million
|
| Price: | C$1.50
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Ltd. (lead), BMO Capital Markets, Raymond James Ltd., Macquarie Capital Markets Canada Ltd. and Cantor Fitzgerald Canada Corp.
|
| Pricing date: | Aug. 18
|
| Settlement date: | Sept. 23
|
| Stock symbol: | TSX Venture: FCU
|
| Stock price: | C$1.28 at close Aug. 15
|
| Market capitalization: | C$390.31 million
|
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