Fission Uranium Closes Private Placement for $12.52 Million

Fission Uranium Corp. (TSXV:FCU,OTCQX:FCUUF,FWB:2FU) has completed its previously announced private placement for gross proceeds of $12,525,500. The offering consisted of 8,350,000 flow through common shares at $1.50 per share.

As quoted in the press release:

The Offering was conducted on a bought deal basis by a syndicate of underwriters led by Dundee Securities Ltd. and including BMO Nesbitt Burns Inc., Raymond James Ltd., Macquarie Capital Markets Canada Ltd. and Cantor Fitzgerald Canada Corporation (collectively, the “Underwriters”). On September 16, 2014, the Underwriters exercised their over-allotment option (the “Option”) in full to purchase an additional 1,252,500 Flow Through Shares at a price of $1.50 per Flow Through Share, which increased the total number of Flow Through Shares offered to 9,602,500 and the gross proceeds of the Offering to $14,403,750.

Click here to read the Fission Uranium Corp. (TSXV:FCU) press release