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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

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

Bullboard Posts
Comment by bridgetonowhereon Oct 02, 2014 9:06pm
213 Views
Post# 22993986

RE:RE:RE:RE:Shameful

RE:RE:RE:RE:Shameful@bluesteele - Your feigned outrage is amusing but you don't know what you're talking about.  The $700K you reference as being transfered into the pockets of the underwriters represents the 5% commission the consortium earned for brokering the issuance to their clients.  IMO Dev negotiated a good deal for FCU, as NXE management did a similar deal and the best they could negotiate was a 6% payment of gross proceeds.  The capital markets are so tight for junior exporation companies right now that the principals of AEX had to throw in $200K to close their $820K deal.   But hey,  if you think you could walk into the underwriters' offices and pound your fist on their tables until they write you a better deal than Dev was able to negotiate for FCU shareholders, then you're a better CEO than Dev, and I think FCU shareholders would be behind you 100%.  Let us know how you make out.
Bullboard Posts