Fission Uranium Corp T.FCU

Deal Stalled

[mary2117]

The deal has been stalled because of a security check on a Chinese shareholder. This is according to a headline in the globe and mail. I don;t know the details because I don't subscribe to that newspaper.

[GerryUR]

I believe the article you're referencing is from July 17th. "Paladin CEO bullish on clearing national security test on Fission deal, as Ottawa inquires about state-owned China shareholder" It references the fact that CGN is Fission's largest shareholder, and whose parent is state-owned China Uranium Development Co. It goes on about how their position will be diluted under

[mary2117]

Thanks for the details. I just thought that was one of the things holding the deal up.

[Jolleyguy]

No its held up because retailers are dragging their feet on voting.  

[Dareg]

Did the vote need to be 66% of all shares or just of the shares voted? 

[u30822]

The deal should have been stalled, it was a terrible deal for the share holders....

[fishcarrier]

Dareg, the vote needs to be 66.7% of all shares. Many shareholders had not voted and they didn't have enough, although it was over 50%. Guess we'll know early next week.