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To: Goose94 who wrote (8582)8/18/2014 8:31:39 AM
From: Rocket RedRespond to of 203442
 
2014-08-18 07:59 FCU News Release Fission Uranium arranges $12.5-million placement



To: Goose94 who wrote (8582)8/18/2014 8:32:33 AM
From: Goose94Read Replies (1) | Respond to of 203442
 
Fission Uranium (FCU-V) Aug 18, '14 is pleased to announce that it has entered into a letter of engagement with Dundee Securities Ltd. on behalf of a syndicate of underwriters including BMO Capital Markets, Raymond James Ltd., Macquarie Capital Markets Canada Ltd., and Cantor Fitzgerald Canada Corporation under which the Underwriters have agreed to purchase 8,350,000 flow-through common shares of the Company, by way of a private placement on a "bought deal" basis, subject to all required regulatory approvals, at a price per Flow-Through Share of $1.50, for total gross proceeds of $12,525,000. The Underwriters have been granted the option to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.

The Company intends to use the gross proceeds of the Offering for "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) related to the Company's Canadian uranium mining exploration projects. The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2014.

In connection with the Offering, the Underwriters will receive a cash commission equal to 5.0% of the gross proceeds raised under the Offering (inclusive of the Option).

The Closing Date of the Offering is scheduled to be on or about September 23, 2014. All securities issued will be subject to a statutory hold period expiring on the date that is four months and one day following the Closing Date. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD

Ross McElroy, President and COO



To: Goose94 who wrote (8582)8/18/2014 10:07:01 AM
From: ayeyouRead Replies (1) | Respond to of 203442
 
FCU....WOW!!!