Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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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Comment by Lhotseon Oct 03, 2013 3:13pm

280 Views

Post# 21788898

RE:SPINCO SHARES NOT INCLUDED IN PP

I agree with letsgetready...his analysis looks correct: "The buyer of the flow-throughs will not get the FCU Spinco share--The buyer gets the New merged FCU only (at 1.50)".

Seems like a good financing to me---It shows that the buyers value the deposit and are possibly oversubcribed at 1.50---Strong confidence in PLS deposit is there.

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