Offer for FCU-T, FUU-V perform positive...
Feb 23, '15 - NR
Fission 3.0 is pleased to announce the completion of the previously announced private placement, pursuant to which Fission Uranium has purchased, on a non-brokered basis, 22,000,000 common shares of Fission 3 at a price of C$0.14 per Purchased Share for a total subscription price of C$3,080,000. The Purchased Shares have a hold period that expires June 24, 2015. The Purchased Shares represent approximately 12% of Fission 3's issued and outstanding share capital.
The proceeds from the Transaction will be used by Fission 3 to advance its current high profile early stage properties and for general working capital.
Ross McElroy, COO, and Chief Geologist for Fission 3.0, commented,
"Fission 3 is an aggressive project generator with a superb portfolio of properties in the Athabasca Basin district, all of which have the potential for high-grade, near-surface uranium mineralization similar to the Triple R deposit at PLS. This private placement will enable high-priority exploration at a number of our most prospective projects."
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FUU."
ON BEHALF OF THE BOARD
Ross McElroy, COO
Fission 3.0 Corp.
Investor Relations
Rich Matthews
TF: 778-484-8030
rich@fission3corp.com
www.fission3corp.com |
