under the symbol "FCUUF."Ĭertain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. The Warrants are fully transferable and assignable and contain customary anti-dilution and adjustment provisions.įission Uranium Corp.Failing such exercise, any unexercised Warrants will expire and The holder may exercise all or a portion of the Warrants within the 4-year period.The Warrants will entitle the holder to purchase one common share for a period of 4 years from the date of issuance.Fission has agreed to issue 20,666,667 Warrants to Sprott at an exercise price equivalent to C$0.17.The Facility is secured against all present and after acquired personal property of Fission with a first priority of encumbrance over the Project by way of customary security documents.įor further details on the Facility, please refer to the Credit Agreement which will be filed on the Company's SEDAR profile at The Warrants.Fission may voluntarily repay the Facility in whole or in part anytime before the Maturity Date, provided that Fission pay Sprott an amount equal to a minimum of 24 months interest and.Interest rate of 10% per annum compounded and payable monthly, with the option to pay a portion of the interest due under the Facility by way of common shares of Fission, subject to certain limitations set out in the Credit Agreement.Fission may extend the term of the Facility by one year, subject to certain terms and conditions contained in the Credit Agreement.4-year term with no obligation to make any principal repayments on the Facility until Ap(the " Maturity Date").Senior secured 4-year loan Facility available by way of one advance in the gross amount of US$10 million.
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