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"Fission Energy Corp. Completes C$2 Million Non-Brokered Private Placement

 
Fission Energy Corp. Completes C$2 Million Non-Brokered Private Placement

KELOWNA, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2013) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Fission Energy Corp. ("Fission" or the "Company") (TSX VENTURE:FIS)(OTCQX:FSSIF) is pleased to announce that, further to its press release dated December 31, 2012, the Company has now completed the previously announced non-brokered private placement (the "Private Placement") of 4,000,000 Common Share Units at a price of C$0.50 per unit (the "Unit") for gross proceeds of C$2.0 million. Each Unit consists of one common share and one common share purchase warrant exercisable at C$0.65 for a period of two years.

In connection with the Private Placement, the Company paid a cash finder's fee of 6% of the gross proceeds raised to each of the following finders:

Global Market Development: $41,400
National Bank Financial Ltd.: $6,180
Canaccord Genuity Corp.: $5,250
Raymond James Ltd.: $3,000
Brant Securities Limited: $3,000
Macquarie Private Wealth, Inc.: $750
Leede Financial Markets, Inc.: $720

All securities issued pursuant to the Private Placement are subject to a four month hold period expiring on May 22, 2013."