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Fission Uranium Corp. V.FCU

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  V.FIS | FURNF | FCUUF

Fission Uranium Corp is a uranium exploration company in Canada. It acquires, explores and develops uranium properties.
Price: $1.15 | Change: +$0.01 | %Change: +0.88%
Volume: 232,487 | Day High/Low: 1.17/1.14 | 52 Week High/Low: 1.73/0.98
Fission Energy Corp > $25 million bought deal
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$25 million bought deal

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4 stars
March 10, 2014 04:00 pm

Fission Uranium Announces $25.0 Million Bought Deal KELOWNA, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Fission Uranium Corp. (TSXVENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or the "Company") is pleased to announce that it has entered into a letter of engagement with Dundee Securities Ltd. (the "Lead Underwriter") on behalf of a syndicate of underwriters including Cantor Fitzgerald Canada Corporation, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., TD Securities Inc., Clarus Securities Inc. and Cormark Securities Inc. (the "Underwriters") under which the Underwriters have agreed to purchase 15,625,000 special warrants (the "Special Warrants"), by way of a private placement on a "bought deal" basis, subject to all required regulatory approvals, at a price per Special Warrant of $1.60, for total gross proceeds of $25,000,000 (the "Offering"). The Underwriters have been granted the option to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date (the "Option"). Each Special Warrant will be exercisable one common share (a "Common Share") in the capital of the Company by the holders thereof at any time after the Closing Date for no additional consideration and all unexercised Special Warrants will be deemed to be exercised at 4:00 pm (Toronto time) on the earlier of: a) the date that is four months and one day following Closing, and b) the first business day after a receipt is issued for a final prospectus (the "Final Prospectus") by the securities regulatory authorities where the Special Warrants are sold, qualifying the Common Shares to be issued upon exercise. The Company shall use its reasonable best efforts to obtain such receipt for the Final Prospectus within 30 calendar days following the Closing.
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RE:$25 million bought deal

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4.5 stars
March 10, 2014 04:05 pm

called that one with ease, dissapointed some of it isn't FT though. Seen stuff like this so many times. Not that I mind, i mean we've had a 70% run up. Not as exciting as drill holes, but hey, solid money. 

Nosleep
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RE:RE:$25 million bought deal

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2.5 stars
March 10, 2014 04:08 pm

Typical pumptard post. It's unnecessary dilution pure and simple. Now we won't even get $3
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RE:$25 million bought deal

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4.5 stars
March 10, 2014 04:05 pm

Should have suspected that as the stock declined from the high of the day. Financing is good for the company if not immediately good for traders. It is better to obtain a clearer picture of the size of the deposit before selling out and financing will enable that.
Anyway I would  like a takeover much better for short term gain
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RE:$25 million bought deal

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March 10, 2014 04:05 pm

I thought they would have gone with a flow through..given Dev recently mentioned the premium that could be had..anyhow a good deal in my mind..15 million shares is only 4% more..cashed up ready to go. all good.
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