The Warrants are fully transferable and assignable and contain customary anti-dilution and adjustment provisionsįission 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.

Sprott’s Physical Uranium Trust (U.U) is up over 38 since its inception earlier this year. There is no doubt that interest in nuclear power is growing. 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 Nuclear Fission to Still Play a Key Role.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 Get TSE:U stock quote information for Uranium-Participation-Corp.A summary of the key terms of the Facility and Warrants are as follows: Theme Metals Fission Uranium Corp.'s Chairman and CEO Dev Randhawa pushed back against critics of the company's decision to tap US10 million in senior secured debt from Sprott Resource Lending II to help fund development of the Patterson Lake South uranium project in Canada, saying there were no better financing options. In connection with the Facility, Fission has agreed to issue 20,666,667 common share purchase warrants ('Warrants') to Sprott and its affiliates.

Fission will use the proceeds from the Facility to fund development of the Patterson Lake South uranium project (the 'Project') and for general working capital purposes. ('Sprott') subject to the terms and conditions set forth in the credit agreement (the 'Credit Agreement'). US$10 million Credit Facility with Sprottįission Uranium Corp (TSX: FCU OTCQX: FCUUF) (Fission' or 'the Company') announced the closing of a US$10 million senior secured credit facility (the 'Facility') with Sprott Resource Lending II (Collector) L.P.

Fission uranium sprott