Wednesday, October 14, 2015

Fission Uranium Corp. - FCU.t

Fission Uranium Corp. - FCU.t is a Canadian-based uranium exploration company operating in Canada's Athabasca Basin.

In late 2013, Fission Uranium consolidated 100% ownership of the PLS Property, where a high-grade uranium discovery was made in 2012, by acquiring all of the outstanding shares of Alpha Minerals Inc.

The PLS Property, which now comprises seventeen mineral claims totaling 31,309 ha, is Fission Uranium’s flagship.

On October 13, 2015 the company released NEWS

"Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) ("Denison") and Fission Uranium Corp. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission") have terminated the previously announced arrangement agreement pursuant to which Denison and Fission were to combine their respective businesses by way of a court-approved plan of arrangement (the "Arrangement"). At the deadline for submission of proxies on Friday, Denison's shareholders strongly supported the Arrangement. While a majority of the Fission shares voted were in favour of the Arrangement, the required two-thirds approval was not obtained.

As a result of the termination of the Arrangement, neither Fission nor Denison will hold their respective shareholders meetings scheduled for October 14, 2015.

Computershare Investor Services Inc., as depositary for the Arrangement, will be returning any physical share certificates that have been submitted by shareholders of Denison and Fission in connection with the Arrangement, forthwith in accordance with the instructions contained in the letters of transmittal.