Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by bulavaon Jul 06, 2015 6:08pm

251 Views

Post# 23896215

RE:RE:RE:There IS NO other deal!

https://fissionuranium.mwnewsroom.com/press-releases/fission-uranium-raises-20010000-through-bought-deal-financing-tsx-fcu-201504291004303001

KELOWNA, BRITISH COLUMBIA--(Marketwired - April 29, 2015) - Fission Uranium Corp. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission Uranium" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of C$20,010,000 (the "Offering").

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").

PamplonaTrader wrote: Bulava, that was a flow through deal, correct?

bulava wrote: Do you think management would have received tacit approval from the major shareholders and financing underwriters? Unlikely they would be surprised like this, given they just paid $1.50 in April in a bought-deal.

PamplonaTrader wrote:
Everyone say it together untl it sinks in, OK? With 12 supposed CAs, Dev took this low ball deal because he maintains exposure to upside while collecting a fat salary. The emergence of $NXEs Arrow and the pending PEA likely pressed the timing issue.