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.

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Fission Uranium Corp

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Comment by teeveeon Nov 19, 2015 3:52pm

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Post# 24306780

RE:RE:RE:RE:Good luck getting hard $

An audit by CRA could be a real sh*t storm......

BrainsOverBS wrote: Looking at Fission's accounts:

In April 2015 raised $20m flow-through ($1.50 share price). Previous financing before that was also a $20m flow-through offering in Sept 2014.

For Q1/2016 (this quarter), they spent $10m on exploration leaving $10M flow through remaining.

Cash at bank is $12M less accounts payable $2.9M = working capital of $9.1M

$9.1M less $10M remaining flow through commitment = $(0.9M) working capital.

This would suggest they are negative hard dollars. Wonder if Fission management even know this??Wonder if the flow-through holders know this?? I guess they will find out when it comes tax time. I'm no tax expert, but that doesn't sound pleasant!!!!!