On October 4, 2023, Fission Uranium Corp. ("Fission") completed a bought deal offering of 7,731,092 common shares that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of C$1.19 per share for gross proceeds of C$9.2 million.
The offering was completed pursuant to a prospectus supplement, dated September 28, 2023, to Fission's base shelf prospectus dated November 10, 2021. The offering was led by Canaccord Genuity Corp. ("Canaccord") and SCP Resource Finance LP, as co-lead underwriters, on behalf of a syndicate of underwriters that included Eight Capital and Red Cloud Securities Inc.
Fasken advised Canaccord in connection with the offering with a team comprised of John Sabetti, Florind Polo and Chelsea Young (Capital Markets); Mitchell Thaw and Devon LaBuik (Tax Law).
Jurisdiction
- British Columbia
