The closing date of the Offering is scheduled to be on or about (the " Closing Date "), and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The Units may also be offered in the United States on a private placement basis pursuant to applicable exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act") and applicable state securities laws, and in other offshore jurisdictions provided that no prospectus filing or comparable obligation arises. The Units will be offered pursuant to a base shelf prospectus dated Decemand a prospectus supplement to be filed in all provinces of Canada with the exception of Quebec. and Sprott Private Resource Lending II (Collector), LP, and for working capital and general corporate purposes. The Company intends to use the net proceeds of the Offering to fund the further development of the Triple R deposit in Saskatchewan, to repay certain amounts owing under the credit facility among the Company, Sprott Resources Lending Corp. The Company has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Units to cover over-allotments, if any, and for market stabilization purposes. Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.85 at any time on or before that date which is 36 months after the Closing Date (as defined herein). ("FISSION" or the "Company") is pleased to announce that it has entered into an agreement with Eight Capital and Sprott Capital Partners LP, as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the " Underwriters "), pursuant to which the Underwriters have agreed to buy, on a bought deal basis, 50,000,000 units (the " Units ") of the Company, at a price of $0.60 per Unit (the " Offering Price ") for gross proceeds of $30 million (the " Offering ").Įach Unit will be comprised of one common share of the Company (a " Share "), and one half of one common share purchase warrant of the Company (each full warrant, a " Warrant "). NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
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