Chinese firm CGN Mining has agreed to buy a 19.99% stake in Canadian explorer Fision Uranium, marking the first time a Chinese company has invested directly in a Canadian uranium company.
TSX-listed Fission reported that under terms of the deal, the two companies would proceed towards a C$82.22-million private placement, that would see CGN pay C$0.85 per Fission share – a 25% premium to Fission’s closing price on Friday.
