Business
Fission 3 Announces C$5 Million Bought Deal Private Placement at a 45% Premium to Market
Kelowna, British Columbia--(Newsfile Corp. - December 5, 2022) - Fission 3.0 Corp. (TSXV: FUU) ...
About this update from F3 Uranium Corp
[{"type":"text","content":"Fission 3 Announces C$5 Million Bought Deal Private Placement at a 45% Premium to MarketKelowna, British Columbia--(Newsfile Corp. - December 5, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) (\"Fission 3\" or the \"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, \"the Underwriters\"), pursuant to which the Company has agreed to sell to the Underwriters 11,904,762 flow-through common shares of the Company to be sold to purchasers (each, a \"FT Share\") at a price of C$0.42 per FT Share (the \"Offering Price\") for gross proceeds of C$5,000,000 (the \"Underwritten Offering\").The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date (as defined below), to purchase for resale up to an additional 2,380,952 FT Shares (the \"Over-Allotment Shares\") at the Offering Price for additional gross proceeds of up to C$1,000,000 (the \"Over-Allotment Option\", and together with the Underwritten Offering, the \"Offering\").The Company will have the right to include a list of subscribers to purchase up to 2,380,952 FT Shares at the Offering Price for gross proceeds of up to C$1,000,000 under the Offering (the \"President's List\"). The President's List will be allocated under the Over-Allotment Option and, for greater certainty, all purchasers under the Over-Allotment Option will receive Over-Allotment Shares on the terms of the Offering and subject to certain resale restrictions as described below.The FT Shares other than the Over-Allotment Shares will be offered by way of the \"listed issuer\" exemption under National Instrument 45-106 - Prospectus Exemptions in all the provinces of Canada with the exception of Quebec (the \"Selling Jurisdictions\"). The FT Shares other than the Over-Allotment Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Over-Allotment Shares will be offered by way of the \"accredited investor\" and \"minimum amount investment\" exemptions under National Instrument 45-106 - Prospectus Exemptions in the Selling Jurisdictions. The Over-Allotment Shares will be subject to a restricted period in Canada ending on the date ...