2023-09-26 07:58:37 ET
- Fission Uranium ( TSX: FCU:CA ) has entered into an agreement with underwriters to purchase, on a "bought deal" basis, 6,722,689 flow-through common shares at $1.19 per flow-through share for gross proceeds of $8M.
- Underwriters have a 30 days following the Closing Date to purchase up to an additional 15% of the number of flow-through shares sold under the offering.
- Closing date is October 4, 2023.
- The gross proceeds will be used to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures".
- This press release shall not constitute an offer to sell.
- Source: Press Release
For further details see:
Fission announces $8M bought deal financing