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Fission Uranium has entered into an agreement with with a syndicate of underwriters for a purchase 7,500,000 subscription receipts, exchangeable into flow-through common shares of Fission Uranium, by way of a private placement on a “bought deal” basis, subject to all required regulatory approvals, at a price per Subscription Receipt of $1.50, for total gross proceeds of $11,250,000.
Fission Uranium Corp. (TSXV:FCU,OTCQX:FCUUF) has entered into an amended letter of engagement with Dundee Securities Ltd. on behalf of a syndicate of underwriters including Raymond James Ltd., Cantor Fitzgerald Canada Corporation, Canaccord Genuity Corp. and Macquarie Capital Markets Canada Ltd under which have now agreed to purchase 7,500,000 subscription receipts, exchangeable into flow-through common shares of Fission Uranium, by way of a private placement on a “bought deal” basis, subject to all required regulatory approvals, at a price per Subscription Receipt of $1.50, for total gross proceeds of $11,250,000.
According to the press release:
The gross proceeds of the Offering shall be deposited in escrow on the Closing Date and will be released from escrow to the Company immediately following the closing of the Alpha Transaction and after the spinout of the Company’s non-Patterson Lake South assets and receipt of all required third party and regulatory approvals (the “Escrow Release Conditions”). Consequently, the subscribers will not receive shares in the spinout company.
Click here to view the full press release.
