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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
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(19)
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Comment by Banner60on Oct 23, 2015 3:51pm
192 Views
Post# 24222112

RE:cost of deal break

RE:cost of deal breakNo. They are not on the hook. The $14 million was a penalty if either side walked away. The deal was they needed 66.6% of the FCU shares voted for it to succeed..


cashtango00 wrote: Can't find the info but i remember the circular saying there was a "modest 14m breakup fee" if the deal didn't go through as there usually is in a "friendly merger"  Is FCU on the hook for this? anyone?


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities