Denison to offer shareholders of Fission Energy 0.355 shares
The effective date of this report is March 16th , 2013.
On January 16 th, 2013, Fission Energy Corp. (“Fission”) announced the signing of a
Binding Letter of Intent (the "Binding LOI") pursuant to which Denison Mines Corp. ("
Denison") will acquire a portfolio of uranium exploration projects including Fission's 60% interest in the Waterbury Lake uranium
project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, its
interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut (together, the "
Assets").
Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of
Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission
being spun out to a new company ("Fission Uranium Corp.") to be held pro
rata by current Fission shareholders (collectively, the "Transaction ").
Fission Uranium Corp.assets will include, among others, a 50% interes
t in the PLS Property and a 100% interest in the PL Property and the CW
located in the western Athabasca Basin. The Transaction values the Assets at approximately $70 million based on the
closing price of Denison as of January 15, 2013. Upon completion of the Transaction, shareholders of
Fission will own approximately 11% of Denison.
On March 7 th, 2013, Fission announced a definitive Arrangement Agreement (the "
Agreement "), which replaces the Binding LOI, previously announced on January 16, 2013, pursuant to which Denison has
agreed to acquire all of the issued and outstanding shares of Fission with Fission spinning o
ut certain assets into a newly-formed publicly traded company, Fission Uranium Corp.
by way of a court-approved plan of Arrangement (the "Arrangement").The Property is located in the western side of the Proterozoic Athabasca Basin in northern Saskatchewan, Canada.
Read more at https://www.stockhouse.com/companies/bullboard/v.fuu/fission-3-0-corp#6jXmWzkUzYcv4Eb1.99 The effective date of this report is March 16th , 2013.
On January 16 th, 2013, Fission Energy Corp. (“Fission”) announced the signing of a
Binding Letter of Intent (the "Binding LOI") pursuant to which Denison Mines Corp. ("
Denison") will acquire a portfolio of uranium exploration projects including Fission's 60% interest in the Waterbury Lake uranium
project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, its
interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut (together, the "
Assets").
Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of
Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission
being spun out to a new company ("Fission Uranium Corp.") to be held pro
rata by current Fission shareholders (collectively, the "Transaction ").
Fission Uranium Corp.assets will include, among others, a 50% interes
t in the PLS Property and a 100% interest in the PL Property and the CW
located in the western Athabasca Basin. The Transaction values the Assets at approximately $70 million based on the
closing price of Denison as of January 15, 2013. Upon completion of the Transaction, shareholders of
Fission will own approximately 11% of Denison.
On March 7 th, 2013, Fission announced a definitive Arrangement Agreement (the "
Agreement "), which replaces the Binding LOI, previously announced on January 16, 2013, pursuant to which Denison has
agreed to acquire all of the issued and outstanding shares of Fission with Fission spinning o
ut certain assets into a newly-formed publicly traded company, Fission Uranium Corp.
by way of a court-approved plan of Arrangement (the "Arrangement").The Property is located in the western side of the Proterozoic Athabasca Basin in northern Saskatchewan, Canada.
Read more at https://www.stockhouse.com/companies/bullboard/v.fuu/fission-3-0-corp#6jXmWzkUzYcv4Eb1.99
SUMMARY
The effective date of this report is March 16th , 2013.
On January 16 th, 2013, Fission Energy Corp. (“Fission”) announced the signing of a
Binding Letter of Intent (the "Binding LOI") pursuant to which Denison Mines Corp. ("
Denison") will acquire a portfolio of uranium exploration projects including Fission's 60% interest in the Waterbury Lake uranium
project, as well as Fission's exploration interests in all other properties in the eastern part of the Athabasca Basin, its
interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut (together, the "
Assets").
Under the terms of the Binding LOI, Denison has agreed to offer shareholders of Fission 0.355 shares of
Denison for each share of Fission held, conditional upon, among other things, certain assets of Fission
being spun out to a new company ("Fission Uranium Corp.") to be held pro
rata by current Fission shareholders (collectively, the "Transaction ").
Fission Uranium Corp.assets will include, among others, a 50% interes
t in the PLS Property and a 100% interest in the PL Property and the CW
located in the western Athabasca Basin. The Transaction values the Assets at approximately $70 million based on the
closing price of Denison as of January 15, 2013. Upon completion of the Transaction, shareholders of
Fission will own approximately 11% of Denison.
On March 7 th, 2013, Fission announced a definitive Arrangement Agreement (the "
Agreement "), which replaces the Binding LOI, previously announced on January 16, 2013, pursuant to which Denison has
agreed to acquire all of the issued and outstanding shares of Fission with Fission spinning o
ut certain assets into a newly-formed publicly traded company, Fission Uranium Corp.
by way of a court-approved plan of Arrangement (the "Arrangement").The Property is located in the western side of the Proterozoic Athabasca Basin in northern Saskatchewan, Canada.