Fission Uranium Corp T.FCU

Deal Price

[BigJake]

Paladin 5.89 US x 1.35 = 7.95 Cdn × 0.1076 = 0.86

[fourierNL]

This is from the fission website  Attractive 30% premium to Fission’s 20-Day VWAP  and the ability to participate in the upside of Paladin. Meaningful 23% ownership in a global, multi-asset uranium company with exposure to the producing LHM. Continued exposure to the Patterson Lake South project’s (“PLS”) future operational profile and exploration upside.

[BigJake]

At 0.86 cents fission shareholders would own 23.5 % of paladin.  Today's marketcap of fission is 740m cdn.  When the deal closes paladin will have approx 400 million sharecount and a marketcap of 3.11 billion cdn. Prior to the deal the marketcap of paladin was 2.41 billion cdn. + 740 million = 3.11 billion. So 3.11 billion x 0.235 = 730 million. My sharecount could be off a bit and

[fishcarrier]

Good work, BigJake, I did a calculation too. I think we were told we would get 0.1076 shares of Paladin. I took their share price from Palaf (USA) price, converted that to CND dollars and got a price of Paladin shares being worth $8.74. By my calculations our FCU shares should convert at a share price of 94 cents. I hasten to add that the PALAF shares don't seem to trade that much on the US

[antisense]

Only once you sell the shares to $$ (in a non-TFSA account).

[BigJake]

To my knowledge if it is an all stock deal like this one you should not trigger a capital gain when you sell your paladin shares as your adjusted cost base should be the value of the paladin shares the day the deal is complete. So the only capital gain would be the money you make on the paladin shares themselves not the takeover. But you should speak to an investment advisor to confirm this