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

Bullboard Posts

Comment by PamplonaTraderon Mar 03, 2015 8:06pm

175 Views

Post# 23486427

RE:RE:RE:Could there be a low ball bid coming from Dml--

PamplonaTrader wrote:

specboy2011 wrote: R U guys insane? DML market cap is 560 million.Ours today is tad over 400 million.A buyout say 2 bucks is 800 million.DML had nada in the bank to buy......They would neeed to dilute themselves by over 700 million shares to buy FCU......Issuing stock no better...Lets forget DML period........

Disagree.

I think DML recognizes that a merger with FCU would give it the flagship asset and the critical mass (in terms of market capitalization) they need to be a major player in the Basin.

I could see CGN quietly acquiring 9.9% of FCU and DML on the open market, then approaching KEPCO about a merger of the two companies.

CGN and KEPCO would own 9.9%, respectively, of the proforma company.

When the time comes to build out a mine, DML could sell even more equity to CGN and KEPCO to raise ~$250mm and secure a further ~$250mm in credit, to be guaranteed by their assets.

The balance of CAPEX for a mill can be funded by a direct investment by CGN and KEPCO.