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To: Andrew~ who wrote (2804)	9/27/2013 8:32:39 PM
From: Goose94	Respond to of 204406

Dundee Capital on Fission Uranium (FCU-V) R390E Zone Expanded and First Mineralization Intersected South of Conductor at R390E Source: Dundee Capital Markets Fission Uranium is a Canadian uranium exploration company with properties in the Athabasca Basin of Saskatchewan. Fission is currently advancing its new 50% owned PLS discovery on the western side of the Athabasca. Results to date have demonstrated the potential for a shallow, thick and high grade deposit split between five zones - R00E, R390E, R585E, R780E, and R945E. Fission announced scintillometer results from an additional eight holes at its R390E Zone at PLS. We are encouraged by today's press release. Promotional title notwithstanding, Fission was able to expand the strike of the R390E zone from 120m long to 195m long (63% extension), if not to 255m long (113% extension, if in fact the narrow intercepts in hole PLS13-93 are still part of the main trend R390E and not deeper). Hole -91 was also the first hole to intersect uranium south of the axis of the PL-3B ground conductor at R390E, suggesting potential to do the same along the entire strike length of the zone. Overall today's results are modest from a grade perspective, but almost all holes did return broad, well defined mineralization. Nothing as high grade as we are used to and the market may respond negatively to that. But many are only the first holes from each section, and now the goal will be to find the axis or heart of the mineralization on each line. Is it possible that Fission Energy gets penalized for having relatively little off-scale mineralization than usual? Perhaps. But we know that Athabasca basement deposits are strongly variable and after all, each of the six holes reported from the main body of R390E zone reported at least some off-scale mineralization, has continuous broad intercepts and acceptable and potentially economic mineralization. R390E extended westward - robust holes remain open. Holes -95 and -102 (off-section from each other, but staggered north and south, respectively) returned 50-60m thick intercepts with modest and relatively consistent mineralization, and we can infer at least 20-25m width (drill limited). We know these deposits are variable and the holes lie just 25 to 30m away from the spectacular hole -75 (9.08% U3O8 over 54.5m). What should we expect from assays? Not entirely sure…the peaks of the downhole gamma logs (not to be confused with scintillometer results) are around 25,000 cps rather than 75,000 cps found elsewhere (Figure 3). But based on the intensity of the gamma logs, we compare holes -95 and -102 to previously reported drill holes -61 and -44 holes (Figure 4). The logs from the previous holes demonstrated relatively consistent radioactivity with spikes up to 25,000 cps, although zones in both holes appear shorter than today's results. Hole -61 intersected 1.39% over 23.5m including 4.34% over 6m, and -44 hit 0.24% over 17m including 1% over 1.24m. We would assume that holes -95 and -102 could potentially come in line with hole -61…perhaps in the 1% range overall, but over thicker intervals. We are not convinced far western holes are still main trend. Holes -91 and -93 drilled much further west (75 and 85m), are perhaps a bit aggressive to called strike extension of this zone of R390E (hence our preference for small step outs). Right now we find it a little difficult to connect the main R390E body to those holes, but do believe that further drilling could help extend uranium westward and potentially fill this in, if not all the way

To: Andrew~ who wrote (2804)	10/3/2013 10:56:13 AM
From: Goose94	Read Replies (2) \| Respond to of 204406

Fission Uranium (FCU-V) boosts private placement to $11.25-million from $10 million. Oct 3rd 2013 - News Release Fission Uranium Corp. has entered into an amended letter of engagement with Dundee Securities Ltd., on behalf of a syndicate of underwriters including Raymond James Ltd., Cantor Fitzgerald Canada Corp., Canaccord Genuity Corp. and Macquarie Capital Markets Canada Ltd., under which the underwriters have now agreed to purchase 7.5 million subscription receipts, exchangeable into flow-through common shares of the company, by way of a private placement on a bought-deal basis, subject to all required regulatory approvals, at a price per Subscription Receipt of $1.50, for total gross proceeds of $11.25-million.The underwriters have been granted the option to purchase up to an additional 15 per cent of the offering, exercisable in whole or in part at any time up to 48 hours prior to the closing date. On Sept. 17, 2013, the company and Alpha Minerals Inc. signed a definitive arrangement agreement to effect the previously announced transaction pursuant to which Fission will acquire Alpha and its primary asset, a 50-per-cent interest in the Patterson Lake South joint venture, the other 50 per cent of which is held by Fission. As per the terms and conditions of the definitive agreement, Alpha has provided its consent with respect to the offering. The gross proceeds of the offering shall be deposited in escrow on the closing date and will be released from escrow to the company immediately following the closing of the Alpha transaction and after the spinout of the company's non-Patterson Lake South assets, and receipt of all required third party and regulatory approvals. Consequently, the subscribers will not receive shares in the spinout company. In the event that the escrow release conditions are not satisfied on or before Dec. 10, 2013, the gross proceeds of the offering, together with accrued interest earned thereon, will be returned to the holders of the subscription receipts and the subscription receipts will be cancelled. In connection with the offering, the underwriters will receive a cash commission equal to 6.0 per cent of the gross proceeds raised under the offering (inclusive of the option) and that number of non-transferable broker warrants equal to 6.0 per cent of the number of subscription receipts sold (inclusive of the option). Each broker warrant will be exercisable into one common share of the company for a period of 24 months from the closing date at a price of $1.50 per common share. The closing date of the offering is scheduled on or about Oct. 24, 2013. All securities issued will be subject to a four-month hold period. The offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals. The gross proceeds of the offering will be used for the sole purpose of exploring the Patterson Lake South project.