Winter exploration at the PLS project
Kelowna-headquartered uranium exploration and development company Fission on Monday announced a C$75-million bought-deal financing to fund work at the PLS project, in the Athabasca basin.
Canaccord Genuity and SCP Resource Finance, on behalf of a syndicate of underwriters, will purchase on a “bought deal” basis 63.56-million common shares at a price of C$1.18 a share.
The underwriters have an option to purchase an additional 15% of the common shares.
The PLS project is a proposed high-grade mine and mill, which will produce 90.9-million pounds of uranium oxide over a ten-year mine life.