- Fission 3.0 (FUU) has increased the size of its private placement from C$5,000,000 to up to C$7,000,000 through the issuance of units and FT units
- The offering is scheduled to close on or around September 29
- Proceeds raised from the offering will be used to fund future exploration work
- Fission 3.0 Corp. is a Canadian-based resource company
- Fission 3.0 Corp. (FUU) is down 9.09 per cent, trading at C$0.15 per share at 3 pm ET
Fission 3.0 (FUU) has increased the size of its private placement from C$5,000,000 to up to C$7,000,000.
The company will issue up to 11,538,462 units for gross proceeds of up to C$1,500,000. Fission 3.0 will also issue up to 24,137,931 flow-through units for gross proceeds of up to C$3,500,000 and up to 11,494,253 flow-through units to be sold to charitable buyers for gross proceeds of up to C$2,000,000.
Each unit will be comprised of one common share and one half of one common share purchase warrant. Each flow-through unit will be comprised of one common share to be issued as a “flow-through share” within the meaning of the Income Tax Act and one half of one warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of C$0.20 within 24 months of the closing date of the offering.
Red Cloud Securities Inc. is acting as sole agent and bookrunner under the offering. The agent will have an option to sell up to an additional C$1,000,000 in any combination of units or flow-through units.
Proceeds raised from the offering will be used to fund future exploration work on the company’s projects, corporate development and working capital purposes.
The offering is scheduled to close on or around September 29, and is subject to the approval of the TSX Venture Exchange.
Fission 3.0 Corp. is a Canadian-based resource company specializing in the acquisition, exploration and development of uranium properties.
Fission 3.0 Corp. (FUU) is down 9.09 per cent, trading at C$0.15 per share at 3 pm ET.