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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 26, 2014 6:14pm
292 Views
Post# 23062634

RE:RE:Re Re Law Suit

RE:RE:Re Re Law Suit@bluesteele - The person that should read [259] and the rest of judgement is you.  [135] specifically states that the FIS, FCU, and 3.0 assignments are absolute, based on s.(36)1 of the Law and Equity Act, and consequently only 3.0 can sue Dahrouge.  Your assertion that FIS, FCU, and 3.0 are all the same entity is wrong.

[135]     Where an assignment of a right to sue is absolute, the assignor cannot maintain the action: StevensonHaving found that both the Energy-Uranium and the Uranium-3.0 assignments are absolute assignments within the meaning of s. 36(1) of the Law and Equity Act, I conclude neither Energy nor Uranium can maintain their Injunction Application or claim for Proprietary Relief. The legal principle is straightforward: the assignor who has agreed to assign away all of its rights cannot subsequently assert them. Accordingly, I grant the relief sought at paragraphs three and four of the defendants’ Summary Trial Application in respect of only Energy and Uranium, and dismiss the plaintiffs’ Injunction Application in respect of Energy and Uranium.

 
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