CGN buys 96,736,540 shares; deal funds Patterson Lake South Property
By Devika Patel
Knoxville, Tenn., Jan. 11 – Fission Uranium Corp. said it has arranged an C$82.23 million private placement of stock with CGN Mining Co. Ltd.
The company will sell 96,736,540 common shares at C$0.85 per share. The price per share reflects a 13.33% premium to the Jan. 8 closing share price of C$0.75.
Proceeds will be used to develop the Patterson Lake South Property.
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: | Common shares
|
| Amount: | C$82,226,059
|
| Shares: | 96,736,540
|
| Price: | C$0.85
|
| Warrants: | No
|
| Investor: | CGN Mining Co. Ltd.
|
| Pricing date: | Jan. 11
|
| Stock symbol: | Toronto: FCU
|
| Stock price: | C$0.75 at close Jan. 8
|
| Market capitalization: | C$290.04 million
|
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