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Fission 3.0 Corp. Announces Closing of Brokered Private Placement for Gross Proceeds of $8,000,000
Kelowna, British Columbia--(Newsfile Corp. - September 29, 2021) - Fission 3.0 Corp. (the "Co...
About this update from F3 Uranium Corp
[{"type":"text","content":"Fission 3.0 Corp. Announces Closing of Brokered Private Placement for Gross Proceeds of $8,000,000Kelowna, British Columbia--(Newsfile Corp. - September 29, 2021) - Fission 3.0 Corp. (the \"Company\") is pleased to announce that it has closed its previously announced fully marketed private placement (the \"Offering\") for gross proceeds of C$8,000,026, from the sale of the following:24,690,038 units of the Company (each, a \"Unit\") at a price of C$0.13 per Unit for gross proceeds of C$3,209,705 from the sale of Units;20,113,619 flow-through units of the Company (each, a \"FT Unit\") at a price of C$0.145 per FT Unit for gross proceeds of C$2,916,475 from the sale of FT Units; and10,769,232 FT Units to be sold to charitable buyers (each, a \"Charity FT Unit\" and together with the Units and FT Units, the \"Offered Units\") at a price of C$0.174 for gross proceeds of C$1,873,846 from the sale of Charity FT Units.Each Unit issued pursuant to the Offering is comprised of one common share of the Company (each, a \"Unit Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each FT Unit and Charity FT Unit is comprised of one common share of the Company to be issued as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (each, a \"FT Share\") and one half of one Warrant. Each whole Warrant entitles the holder to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$0.20 at any time on or before September 29, 2023.Red Cloud Securities Inc. (the \"Agent\") acted as sole agent and bookrunner under the Offering. In connection with the Offering, the Company paid the Agent an aggregate cash commission of approximately C$450,850, equal to six per cent (6.0%) of the gross proceeds raised under the Offering (except for a reduced commission paid to the Agents in connection with those purchasers listed on the president's list (the \"President's List\"), to which a reduced commission of three percent (3.0%) was paid. The Company also issued to the Agent 3,106,853 broker warrants (the \"Broker Warrants\"), equal to six percent (6.0%) percent of the Offered Units sold pursuant to the Offering (and three percent (3.0%) in the case of those Offered Units sold to purchasers on the President's List). Each Broker Warrant entitles the holder thereof to purchas...