The syndicate of underwriters includes BMO Capital Markets, Raymond James, Macquarie Capital Markets Canada, and Cantor Fitzgerald Canada.
The underwriters also have an option to buy an additional 15% of the offering in whole or in part up to 48 hours prior to the closing date of 23 September 2014.
They will receive a cash commission of 5% of the gross proceeds raised under the offering, including the option.
The transaction is subject to certain conditions, including the receipt of regulatory approvals.
Fission Uranium plans to use the proceeds for exploration expenses at its Canadian uranium mining projects.
Fission said in a statement, "The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2014."
