Kelowna, BC (pcJ News Briefs) – Fission 3.0 Corp. (TSX-V: FUU) closed the second and final tranche of its previously announced non-brokered private placement, issuing 24,182,683 units at $0.07 per unit for gross proceeds of $1,692,788 from the second tranche.
In the aggregate, Fission 3.0 issued 41,846,383 units for gross proceeds of $2,929,247.
Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for an additional common share for two years at an exercise price of $0.10 per share. Fission 3.0 did not issue any flow-through shares in connection with the Private Placement.
Net proceeds will be used to advance development of the company’s properties and for general working capital.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties.
photo credit: Fission 3.0