Fission Energy (FIS-V) raises $4.09-million from exercised warrants
April 5, 2013 - News Release
A total of 4,161,720 previously issued Fission Energy Corp. warrants has been exercised for total gross proceeds of $4,098,570. Of the total gross proceeds raised, $3,740,444 was raised through the exercise of 3,740,722 warrants with an exercise price of $1 and $357,848 was raised through the exercise of 420,998 warrants with an exercise price of 85 cents. Dev Randhawa, chief executive officer and chairman of the company, commented, "To raise this level of finance at this time is a tremendous confirmation of shareholder confidence in our new discovery at PLS and the direction of the company."
The net proceeds from the exercise of the warrants will be used to advance the development of the company's properties and for general working capital.
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