Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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 teeveeon Sep 06, 2015 6:47pm

85 Views

Post# 24082901

RE:RE:RE:Thanks but no thanks

The no's have it hands down, however, all the posts here count for nothing. Here are the options:

1. stand by, vote and hope shareholders vote this down (if passed it is done like dinner and over. It is very unlikely the courts will not overturn a shareholder vote. A vote in favour would also likely mitigate any possible legal action against managment and directors.
2. Legal action must be started. How, I am not sure, but against management and the board, what comes to mind is: breach of feduciary duty and responsibility to shareholders, on the basis of deal terms. Regarding the vote, file an injunction to stop the vote pending an outcome of a lawsuit against management and the board. Any lawyers here could add to this and flush it out. What I am 100% sure of is that if shareholders take no legal action, the likelyhood of the DML deal passing is very high.
3. Complaining to the stock exchange is a waste of time as the regulations are very loose and rarely enforced IF there is an explicity complaint, and when they are, there is usually only a trivial fine involvied and a suspension of trading privileges.

EquityInvestor1 wrote: No worries - I will continue to point out how your actions are clearly not in the best interests of FCU shareholders and how how very long posts serve only to distract FCU shareholders from the only issue that should be on their mind at this point:

Does the merger truly reflect an equal contibution of assets by the two companies (as advertised after integrating the share ratio fudge factor) and on this basis, should the merger be supported or rebuked vigourously.

I think we all believe that FCU is contributing considerably more value then DML and thus virtually everything in your posts is not relevant (at this time) as the merger should be voted down on the basis of a properly performed fairness assessment alone which FCU management claims to have obtained verbally (really) yet refuses to provide relevent documentation to dissident sharholders concerning this mater.