Fission Energy (FIS-V) to delist from TSX-V April 29
April 25, 2013 - News Release
Pursuant to the special resolution passed by the shareholders of Fission Energy Corp. at a meeting held on April 23, 2013, and the final order of the Supreme Court of British Columbia granted on April 25, 2013, Fission Energy and Denison Mines Corp. will complete a plan of arrangement under Section 192 of the Canada Business Corporations Act. The plan of arrangement and transactions involved will close effective April 26, 2013.
The plan of arrangement is fully described in Fission Energy's management information circular dated March 22, 2013.
Under the plan of arrangement, Denison will acquire from Fission Energy a portfolio of uranium exploration projects, including Fission Energy's 60-per-cent interest in the Waterbury Lake uranium project, as well as Fission Energy's exploration interests in all other properties in the eastern part of the Athabasca basin, its interests in two joint ventures in Namibia plus its assets in Quebec and Nunavut.
The remaining assets of Fission Energy will be spun out to a new company (Fission Uranium Corp.) to be held pro rata by current Fission Energy shareholders. Fission Uranium assets will include, among others, a 50-per-cent interest in the Patterson Lake South property located in the western Athabasca basin.
Shareholders of Fission Energy will receive 0.355 common shares of Denison, a nominal cash payment of 0.01 cent and one common share of Fission Uranium for each common share of Fission Energy held.
Effective at the close of business on Monday, April 29, 2013, the common shares of Fission Energy will be delisted from the TSX Venture Exchange.
A separate bulletin will be issued for the listing of Fission Uranium once listing conditions have been satisfied. |
