ir@fissionuranium.com
www.fissionuranium.com
/NOT FOR RELEASE OR DISTRIBUTION IN
THE UNITED STATES/
KELOWNA,
BC, Sept. 5, 2024 /CNW/ - FISSION URANIUM
CORP. (TSX: FCU) (OTCQX: FCUUF) ("Fission")
announced today that it intends to apply to the Supreme Court of
British Columbia (the
"Court") on September 6, 2024,
to amend the interim order obtained from the Court on July 19, 2024 (the "Interim Order")
authorizing the holding of and the matters relating to the conduct
of the special meeting of Fission's securityholders (the
"Meeting") in connection with the previously announced plan
of arrangement (the "Arrangement") with Paladin Energy
Limited ("Paladin"). On August 26,
2024, Fission adjourned the Meeting to September 9, 2024. The amended Interim Order
would provide for a new Meeting date of September 9, 2024, a new deadline to deliver
notices of dissent of September 5,
2024, a new Court hearing date for approval of the
Arrangement of September 12, 2024, a
deadline of September 10 for
responses for persons intending to attend the September 12 hearing, and for the exercise of all
of the outstanding options of Fission (the "Options"), such
that the holders of the Options ("Optionholders") would
become the holders of the common shares of Fission (the
"Shares") issuable upon the exercise of the Options and
would be entitled to vote such Shares at the upcoming Meeting on
September 9, 2024.
Fission continues to recommend that shareholders and
Optionholders (collectively, "Securityholders") vote
FOR the Arrangement. Fission notes that both major
independent proxy advisory firms, ISS and Glass Lewis, have
recommended Securityholders vote FOR the Arrangement.
Securityholders who have not yet voted are urged to do so as
soon as possible, in accordance with the instructions accompanying
the form of proxy or voting instruction form mailed to
Securityholders together with the Circular. The deadline for
Securityholders to return their completed proxies or voting
instruction forms is September 5,
2024 at 10:00 a.m. (Pacific
time).
Securityholders who have already voted their securities in
support are not required to take further action.
About Fission Uranium Corp.
Fission Uranium Corp. is an award-winning Canadian uranium
project developer and 100% owner of the Patterson Lake South
uranium property – a proposed high-grade uranium mine and mill in
Canada's Athabasca Basin region. Fission's 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"
and on the Frankfurt Stock Exchange under the symbol "2FU".
Cautionary Note Regarding
Forward Looking Statements
This announcement contains certain "forward looking statements"
within the meaning of Australian securities laws and "forward
looking information" within the meaning of Canadian securities laws
(collectively referred to as "forward looking statements"). All
statements, other than statements of historical fact, that address
circumstances, events, activities or developments that could, or
may or will occur are forward looking statements. Forward looking
statements involve subjective judgment and analysis and are subject
to significant uncertainties, risks and contingencies including
those risk factors associated with the mining industry, many of
which are outside the control of, change without notice, and may be
unknown to Paladin or Fission. These risks and uncertainties
include but are not limited to liabilities inherent in mine
development and production, geological, mining and processing
technical problems, the inability to obtain any additional mine
licences, permits and other regulatory approvals required in
connection with mining and third party processing operations,
competition for amongst other things, capital, acquisition of
reserves, undeveloped lands and skilled personnel, incorrect
assessments of the value of acquisitions, changes in commodity
prices and exchange rates, currency and interest fluctuations,
various events which could disrupt operations and/or the
transportation of mineral products, including labour stoppages and
severe weather conditions, the demand for and availability of
transportation services, the ability to secure adequate financing
and management's ability to anticipate and manage the foregoing
factors and risks.
Forward looking statements in this announcement include, but are
not limited to, statements regarding: the expected timetable,
outcome and effects of the Arrangement; the ability of Paladin and
Fission to complete the Arrangement on the terms described herein
or at all; the ability to obtain the requisite court and
shareholder approvals for the Arrangement; and the proposed
amendment of the Interim Order and the deemed exercise of the
Options. Forward looking statements can generally be identified by
the use of forward looking words such as "anticipate", "expect",
"likely", "propose", "will", "intend", "should", "could", "may",
"believe", "forecast", "estimate", "target", "outlook", "guidance"
(including negative or grammatical variations) and other similar
expressions. No representation, warranty, guarantee or assurance,
express or implied, is given or made in relation to any forward
looking statement. In particular no representation, warranty or
assumption, express or implied, is given in relation to any
underlying assumption or that any forward looking statement will be
achieved. There can be no assurance that the forward looking
statements will prove to be accurate. Actual and future events may
vary materially from the forward looking statements and the
assumptions on which the forward looking statements were based,
because events and actual circumstances frequently do not occur as
forecast and future results are subject to known and unknown risks
such as changes in market conditions and regulations.
Given these uncertainties, readers are cautioned not to place
undue reliance on such forward looking statements, and should rely
on their own independent enquiries, investigations and advice
regarding information contained in this announcement. Any reliance
by a reader on the information contained in this announcement is
wholly at the reader's own risk.
To the maximum extent permitted by law or any relevant listing
rules of the ASX/TSX, Paladin and Fission and their respective
related bodies corporate and affiliates and their respective
directors, officers, employees, advisors, agents and intermediaries
disclaim any obligation or undertaking to disseminate any updates
or revisions to the information in this announcement to reflect any
change in expectations in relation to any forward looking
statements or any such change in events, conditions or
circumstances on which any such statements were based. Nothing in
this announcement will, under any circumstances (including by
reason of this announcement remaining available and not being
superseded or replaced by any other announcement or publication
with respect to Paladin, Fission or the subject matter of this
announcement), create an implication that there has been no change
in the affairs of Paladin or Fission since the date of this
announcement.
SOURCE Fission Uranium Corp.
