Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
KELOWNA, BRITISH COLUMBIA–(Marketwired – Feb. 23, 2015) – Fission Uranium Corp. (“Fission Uranium”) (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) announces that it has acquired 22,000,000 common shares (the “Common Shares”) in the capital of Fission 3.0 Corp. (“Fission 3.0”) at a price of CDN$0.14 per Common Share. The Common Shares represent approximately 12.36% of Fission 3.0’s issued and outstanding share capital and were acquired pursuant to a prospectus exempt basis pursuant to section 2.3 of National Instrument 45-106.
As of the close of business today, Fission Uranium owns 22,000,000 common shares of Fission 3.0, representing approximately 12.36% of Fission 3.0’s issued and outstanding share capital.
Fission Uranium acquired the Common Shares for investment purposes. Depending on market conditions and other factors, Fission Uranium may from time to time acquire additional securities of Fission 3.0 or dispose of securities of Fission 3.0 in the open market, by private agreement or otherwise.
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transaction hereunder, please see Fission 3.0’s profile on SEDAR at www.sedar.com.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF.”
ON BEHALF OF THE BOARD
Ross McElroy, President and COO
