Fission Uranium Raises $20,010,000 Through Bought Deal Financing

Fission Uranium Corp. (TSX:FCU) announced that it has completed its bought deal financing for the aggregate gross proceeds of C$20,010,000.

As quoted in the press release:

Lead underwriter Dundee Securities Ltd., along with BMO Nesbitt Burns Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and TD Securities Inc. (the “Underwriters”) purchased, on a bought deal basis, 13,340,000 flow-through common shares of the Company (the “Flow-Through Shares”) (inclusive of the Underwriters’ over-allotment option for an additional 1,740,000 Flow-Through Shares) at a price of C$1.50 per Flow-Through Share the (“Issue Price”).

The Company intends to use the gross proceeds of the Offering for “Canadian exploration expenses” that are “flow through mining expenditures” (within the meaning of the Income Tax Act (Canada) related to the Company’s Patterson Lake South project. The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2015.

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