Each broker warrant is exercisable for one Common Share of the Company until Apat a price of $1.60 per broker warrant.Īll securities issued are subject to a statutory hold period expiring on the earlier of: (a) the date that is four months and one day following the Closing Date, and (b) the first business day after a receipt is issued for a Final Prospectus by the securities regulatory authorities. In connection with the Offering, the Underwriters received a cash commission equal to 5.0% of the gross proceeds raised under the Offering (inclusive of the Option) and 898,438 non-transferable broker warrants. The Company shall use its reasonable best efforts to obtain such receipt for the Final Prospectus within 30 calendar days following the Closing Date. On March 27, 2014, the Underwriters exercised their over-allotment option (the " Option") in full to purchase an additional 2,343,750 Special Warrants at a price of $1.60 per Special Warrant, which increased the gross proceeds of the Offering to $28,750,000.Įach Special Warrant is exercisable by the holders thereof into one common share (a " Common Share") in the capital of the Company at any time after Ap(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 the Closing Date, and b) the first business day after a receipt is issued for a final prospectus (the " Final Prospectus") qualifying the Common Shares to be issued upon the exercise or deemed exercise of the Special Warrants by the securities regulatory authorities in the Canadian provinces where the Special Warrants were sold. and including Cantor Fitzgerald Canada Corporation, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., BMO Nesbitt Burns Inc., TD Securities Inc., Clarus Securities Inc. The Offering was conducted on a bought deal basis by a syndicate of underwriters led by Dundee Securities Ltd. (TSX VENTURE:FCU)( FCUUF)( 2FU.F) (" Fission" or the " Company") is pleased to announce that it has completed its previously announced private placement of 15,625,000 special warrants (the " Special Warrants"), at a price of $1.60 per Special Warrant, for gross proceeds of $25,000,000 (the " Offering"). KELOWNA, BRITISH COLUMBIA-(Marketwired - Apr 1, 2014) - Fission Uranium Corp.
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