Fission Energy Completes $9.2 Million With Private Placements

Fission Energy Corp. reports its completion of  its previously reported private placement of 2,635,000 flow-through common shares at $0.95 per share and 6,250,000 units at $0.80 to raise gross proceeds of $7,503,250.

The proceeds of the financings will be used to advance development of the Corporation’s properties, for acquisitions and for general working capital. The gross proceeds from the flow through common shares must be used to incur Canadian exploration expenditures as defined by the Income Tax Act (Canada) by December 31, 2011, to be renounced effective December 31, 2010.

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