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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.


TSX:FCU - Post by User

Fission Uranium Corp
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Post by Stockhunton Dec 11, 2013 1:29pm
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Post# 21995218

Am I reading this right?

Am I reading this right? As per this Article

https://www.mineweb.com/mineweb/content/en/mineweb-company-releases?oid=221177&sn=Detail

Pursuant to the Fission Arrangement, each Fission shareholder received:

(i) one new common share of the Company post-Fission Arrangement (a "New Fission Share"); and

(ii) one common share of Fission 3.0 (a "Fission 3.0 Share").

Am I reading this right?

Post merger Fission share holders will recieve

1. new common share post fission agrrement. i.e if i have 1000 FCU share, after merger I will have 2000? Plus 1000 shares of FUU

Or is this a mistake in the article





The Fission Arrangement involves, among other things, the spinning out of certain assets of Fission, and approximately $3,000,000 in cash, to a newly-incorporated company, Fission 3.0 Corp. ("Fission 3.0"). Pursuant to the Fission Arrangement, each Fission shareholder received:

(i) one new common share of the Company post-Fission Arrangement (a "New Fission Share"); and

(ii) one common share of Fission 3.0 (a "Fission 3.0 Share").


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