Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission and Fission Uranium which involve known and unknown risks and uncertainties which may not prove to be accurate.
Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". under the symbol "FCUUF."Ĭertain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the world-class Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. Fission responded to shareholders by canceling the meeting and terminating the transaction.įission has retained Kingsdale Shareholder Services as its strategic advisor and Blake, Cassels & Graydon LLP as its legal advisor.įission Uranium Corp.
Shortly thereafter, while the vote results actually increased to over 50% support of the proposed transaction, Fission's Board and Management realized they would not meet the required 66 2/3 rd threshold. Randhawa hosted a town hall on October 16, 2015, responded to any shareholder inquiries including from FOCI and offered to speak to them further in person. Most recently, during the proposed transaction with Denison Mines, Mr. Fission has had a long-standing history of strong shareholder engagement. ("FOCI"), which appears to only have one executive with nominal shareholdings in Fission, has made inaccurate statements and issued a press release suggesting it may nominate directors in accordance with the policy. Recently an entity called FCU Oversight Canada Inc. "We have strong positive momentum and a once in a lifetime asset that will provide long-term value for all shareholders."Īs previously announced, Fission instituted an Advance Notice Bylaw as a matter of best corporate governance practice to provide Directors and Management of the Company with direction on the procedure for shareholder nomination of directors.
After receiving an extremely positive Preliminary Economic Assessment for the asset, our leadership team is focused on executing a plan to build on the potential of PLS and the Triple R Deposit to become the lowest cost uranium producer in the world," said Chairman and CEO, Dev Randhawa. ( FCU.TO)( FCUUF)( 2FU.F) (" Fission" or the " Company") updates shareholders on the important progress being made to create long-term value and corrects some inaccuracies released by an isolated entity with no experience in uranium exploration, which threatens to distract shareholders from the momentum Fission has. KELOWNA, BRITISH COLUMBIA-(Marketwired - Oct 30, 2015) - FISSION URANIUM CORP.
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