Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

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Fission Uranium Corp > NXE Dilutes Shareholders

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Post by Greendayon Feb 25, 2021 6:26pm

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Post# 32667203

NXE Dilutes Shareholders

NXE does an equity financing for $150M CAD at $4.50 CAD with BMO and Canaccord three days after Leigh Curyer tells this to Colin Healy of Haywood Securities during NXE's FS presentation.

.........."the project is ameable to a large percentage of debt financing......the project can handle a high percentage of debt and a very low component of equity will be raised between now and positive cash flow."

So in other words, this $150M equity financing that NXE shareholders just got diluted on....is nothing. The big debt financings are still to come.

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