Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

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Fission Uranium Corp

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Post by easyryderon Jan 18, 2013 9:57am

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Post# 20855828

Rob Chang on FIS.

Rob Chang, Cantor Fitzgerald (1/16/13) "Fission Energy Corp. and Denison Mines have announced an agreement where Denison will acquire Fission for 0.355 shares for each Fission share, which represents a value of $0.52/share for a total transaction value of $70M. . .based on this transaction, we estimate a fair NAV of $0.92/share for Fission Energy. Holders of Fission will net 0.355 Denison shares as well as a valuable stub company. . .we reiterate our Buy (Speculative) recommendation and are increasing our target price to $0.90/share from $0.85/share, or by 5.9%."

https://www.theenergyreport.com/pub/co/1677#quote

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