Fission Uranium Corp T.FCU

C$250m shelf prospectus filed ...

[mesa1]

https://www.stockwatch.com/News/Sedardoc.pdf?docid=4970852

FCU will see over a billion shares outstanding after they execute on this contemplated funding.

[Uraniuman308]

Oink Oink!  FCU is GREAT at diluting shareholders!  LMAO

[settoretire]

Back to .50 cents when this goes through. Ross is screwing us BIG TIME  Fission Uranium Corp. has filed a final short form base shelf prospectus with the securities commissions or similar regulatory authorities in each of the provinces and territories of Canada. The base shelf prospectus will allow Fission to offer up to $250-million of common shares, subscription receipts, units, debt

[199930]

Ross should be fired!

[Uraniuman308]

should have been fired a long time ago!

[Bull4u2]

Why oh why are there so many id!ots on this board? The shelf prospectus is perfect for their needs. End of story.

[Uraniuman308]

bull, by "their needs" do you mean management?  How about the needs of shareholders?  Did you see what the news did to our share price?  JMO

[199930]

Specifically what needs over the next 25 months? Looks like the market doesn't like uncertainty.

[Bull4u2]

Uranium308, Haven't you said the same thing over and over and over? It doesn't matter who is at the helm, you wouldn't like them. Whatever it was that impacted your 'hate' for FCU, in your mind it must have been quite the affair Fission Uranium still remains one of the world's best high grade uranium discovery's in the world. This is just another buying opporttunity for

[Uraniuman308]

Another buying opportunity, LMAO!  I've heard that for years.  Remember the famous "last chance to buy at these levels" when FCU was trading around 1.60?  When do we get a selling opportunity?  JMO

[Bull4u2]

Like many people here have said, "You have to own shares in a company" to sell them. And from your many years of dumping on Fission, you certainly don't own any. Let's see where the shares are, come Jan. I would say they are back to the highs.

[Uraniuman308]

Back to its highs which in itself is NOTHING to be proud of!  LMAO

[Greenday]

@ mesa1 - On a fully diluted basis there would be 1B shares outstanding but the question is what would the $350M in cash be used for.

[Greenday]

Correction.  It would be $250M in cash at $1 per share plus the exercise value of the options and warrants to reach a float of 1B shares.  

[Uraniuman308]

What could the money be used for??  Salaries, travel, conventions, third/fourth FS, buying back FUU??  Who really knows but it won't be anything for current shareholders that overshadows the negative impact of this dilution?  Shareholders should be demanding a change in management!  JMO  

[Greenday]

@Uranium308 - Hey Homer - The company had expenses of $9M last year and $5.4M the year before.  So if your assertion is accurate then a $250M capital raise at the current rate of cash burn, would fund the company for not less than 25 years.  Just another example of how your method of judging things is completely out to lunch.

[Uraniuman308]

defend this all you want but I think this is a bonehead move.  And by the way, how well spent was the 85 million from the CGN buy in?  Seems to me with the "missteps" it was not money entirely well spent since we doing a do over with the second FS and now behind NXE in development even though we had a considerable head start.  JMO  

[Greenday]

@ Uranium308 - Hey Homer.  You almost certainly made a misstep thinking that a projected $250M capital raise will be used to fund operations when operating expenses are less than $10M a year. Much more probable that there will be some substantial announcements forthcoming that the funding will be used for but I'm going to reserve my opinions on that for now. Maybe start by rereading the

[Uraniuman308]

no need to worry about DML Greenday, their reputation is solid!  Could FUU be in the crosshairs of the Dene nation?  I suspect DML share price will soon pass the 3 dollar mark while FCU touches 90 cents or lower.  Didn't Ross just say on an interview that FCU is cashed up for a year; then he pulls this!   LMAO  again, for those of us that have been around for a while

[Uraniuman308]

how on earth could the board approve this???  Didn't the CFO sells shares a few weeks ago?  Perfect timing on his part.  Another rally killer, great job FCU!!  JMO