FCUUF - Fission Uranium Announces Funding For Uranium Project In Saskatchewan | Benzinga
Fission Uranium (OTC:FCUUF) is in the process of raising 75 million Canadian dollars to fund exploration and development activities at its Patterson Lake South (PLS) uranium project in Saskatchewan, Canada.
The funding initiative involves the sale of approximately 65.6 million common shares at CA$1.18 each, with Canaccord Genuity (OTCPK: CCORF) and SCP Resource Finance leading the deal.
The anticipated completion date for the financing is Feb. 12, pending regulatory approvals. Additionally, the underwriters retain the option to purchase up to an additional 15% of the shares sold under the offer within 30 days after the offer closes.
The PLS project, situated on the southwest rim of the Athabasca ...