Fission receives court approval for divestment plan of Fission 3.0 Corp.

 

 

Fission receives court approval for divestment plan of Fission 3.0 Corp.

FISSION URANIUM CORP. (“Fission” or the "Company") (TSX-V: FIS) is pleased to known, that the already announced spin-off plan (the "Agreement") respect of certain assets of Fission to the then outsourced Fission 3.0 Corp. (“Fission Spinco”) by the court at the Queen's Bench of Alberta, was approved. Upon completion of the Agreement, each shareholder keeps Fission: (i) one new ordinary share of the Company after the date of the Agreement and (ii) one ordinary share of outsourced Fission Spinco (a "Fission Spinco Share").

The agreement is subject to the eventual approval of the TSX Venture Exchange (the "TSX V"). The conclusion of the agreement, we for the 6. December 2013 expected and the trade of the Fission Spinco shares is at on the TSX-V on the market 10. December 2013 occur.

Dev Randhawa, Chairman and CEO of Uranium Fission said:

"I want our legal advice team, thank the financial advisors and the management for their hard work that and make possible this transaction. It was a fascinating and stellar year for the PLS project and I know now, that we look forward to an aggressive winter exploration program. "

As in Fission's management information circular dated 29. October 2013 described (the "Circular"), The TSX-V has determined, that it will apply the valid commercial process rules in connection with the repayment of the Fission Spinco shares to the shareholders Fission. Under these rules, the Fission Spinco shares on a "due bill" basis on the TSX-V in the period from 4. December 2013 to 9. December 2013 be traded, as if the Fission Spinco shares would have already been paid out to the Fissionaktionäre. (die "Due Bill Periode"). Halter there Fission per share 6. December 2013, get period including the buyer of Fission shares during the Due Bill the right, Obtain Fission Spinco shares. Every transaction that takes place during the due bill period, will be automatically selected, so that the buyer gets the right to subscribe for the Fission Spinco shares. Seller of Fission shares during the due bill period are not entitled to Fission Spinco shares.

Trading in the Fission Spinco shares will start trading on the TSX-V on an "ex-Auskehrungsbasis" for the opening of the market on 10. December 2013 the buyer of the shares Fission no longer then the Be right, Obtain Fission Spinco shares under the Agreement. The "due bills" will expire on 12. December 2013, once all suspended "due bills" during the due bill period were settled.

The possible data due to various reasons, subject to change, as z. B. No approval by involved third parties, needed, to satisfy other conditions to the closing of the Agreement. Investors are encouraged, to consult with their financial advisors inclined, to discuss the various implications for their particular investment situation prevailing at the relevant investment date.

Additional information bezgl. the terms of the agreement can be found in the Circular, which is available at Fission's profile at www.sedar.com.

About Fission:

Fission Uranium Corp. is a Canadian mineral exploration company and has focused on the strategic acquisition, Exploration and development of uranium deposits located in Kelowna, British Columbia spezialisiert. The common shares are listed on the TSX Venture Exchange under the symbol “FCU” listed. In addition, the shares on the OTCQX in the U.S. under the symbol “FCUUF” traded.

Im Namen des Direktoriums Investor Relations
Rich Matthews
“Dev Randhawa” TF: 877-868-8140
ir@fissionuranium.com
Dev Randhawa, Chairman & CEO www.fissionuranium.com

For the German-speaking countries:

Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Risk Warning: Certain information included in this press release “forward-looking information”, importance in the Canadian jurisprudence. Generally speaking, these forward-looking statements can be identified by terms such as “planned”, “expected” or “not expected”, “is expected”, “Budget”, “planned”, “valued”, “Predictions ", “intended”, “assumed” or “.not expected”, or “believed”, or variations of such words and phrases. Can also enter certain acts or events such as "may”, “could”, “would”, “maybe” or “possibly ", “occur”, “can be achieved” or “has the potential for”. Forward looking statements contained in this press release regarding the spin-off and listing of the fission of uranium and future operations. Or financial performance of Fission and Fission Uranium concern may involve known and unknown risks and uncertainties. Current results and statements may differ materially from expected and predicted the statements made in the forward-looking statements. Such statements are indicated in their entirety by the inherent risks and uncertainties caused by future expectations. Events may affect the actual results are strongly: Market conditions and other risk factors that can occur in our documented reports by the Canadian securities commission. These can be found at SEDAR at www.sedar.com. The forward-looking statements in this press release are derived from date of this press release and the Company and Uranium Fission assume no responsibility or liability for any change in the forward-looking statements, or the resulting new events, except that the exchange right will be announced according to the rules of the Canadian. It is only the English original version of this release.

Weder die TSX Venture Exchange noch ihr Regulation Services Provider (as defined in the rules of the TSX Venture Exchange) accept any responsibility for the accuracy and authenticity of this press release.

For the correctness of the translation is any liability assumed! Please note original English message!

 

Those: IRW-Press.com.

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