- Fission 3 has upsized its bought-deal private placement for gross proceeds of $8,000,000
- The company will issue 19,047,619 flow-through common shares at a price of $0.42 per FT share
- The offering is expected to close on December 21, 2022
- Proceeds will be used to fund the exploration of the company’s projects in the Athabasca Basin
- Fission 3 is a uranium project generator and exploration company focusing on projects in the Athabasca Basin
- Fission 3.0 Corp. (FUU) opened trading at C$0.29
Fission 3 has upsized its bought-deal private placement for gross proceeds of $8,000,000.
The company has signed an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters agreeing to sell to the underwriters 19,047,619 flow-through common shares at a price of $0.42 per FT share.
The company has increased the size of the agent’s over-allotment option to up to $2.0 million. Under the revised option, agents have been granted an option to sell up to an additional 4,761,905 FT shares.
The company will have the right to include a list of subscribers (President’s List) to purchase up to 2,380,952 FT shares for gross proceeds of up to $1,000,000.
The offering is expected to close on December 21, 2022. The company will pay the underwriters a cash commission of 6.0 per cent of the gross proceeds raised. The company will also issue warrants to the underwriters equal to 6.0 per cent of the number of FT shares sold under the offering at an exercise price equal to C$0.42 per FT share.
The proceeds will be used to fund the exploration of the company’s projects in the Athabasca Basin.
Fission 3 is a uranium project generator and exploration company focusing on projects in the Athabasca Basin. Fission 3 currently has 16 projects in the Athabasca Basin.
Fission 3.0 Corp. (FUU) opened trading at C$0.29.
