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 AB_ORTon Dec 06, 2015 6:53pm

150 Views

Post# 24359709

RE:RE:Quakes

bullwheelrider wrote: I'll answer your question. Then you can decide if it's more likely than quack99's wall of text vetted
by Fission Uranium and Distinct Public Relations.

The reason FCU paid double the market price for FUU shares is because Devinder Randhawa was negotiating the price with himself. It wasn't an investment by FCU, it was a cash infusion to FUU so they could keep paying the salaries of their crack management team ... Devinder Randhawa and Ross McElroy. That's all there is to it.

bigwave63 wrote: I have a question for you...

Please explain how the board of Fission approved spending over $3.0 mil on an FUU financing (at 14 cents when FUU was trading at 8 cents 4 trading days prior)?

I ask this becasue there appears to be so much cross-directorship between FUU and FCU that there would be no independence? How could the board approve such a move? Unless it as a non-functional board....