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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Comment by Aelfricon Apr 07, 2014 7:32pm
334 Views
Post# 22422519

RE:RE:more options today

RE:RE:more options todayWell, it looks like the options date is April 4th in the second release.  I don't think back dating options is legal so perhaps they decreased the size of the original grant based on the investor sentiment.  

I am not against options.  I think they are important to keep key people at the company and any company looking to acquire FCU is going to want to know that these people will stay on after being acquired.  They don't usually vest immediately.  Usually it is 25% every year.  

The timing was bad with this announcement.  I think investors feel that the recent financing put the brakes on what was a rapid stock price climb.  This grant made that sentiment worse.

Anyways, it looks like we need Assays to break through this price wall.
Bullboard Posts