TSX VENTURE SYMBOL: FUU
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.
NEWSWIRE SERVICES/
KELOWNA, BC, March 28, 2019 /CNW/ - Fission 3.0
Corp. ("Fission 3" or the "Company")
announces that it has increased its interest in Patterson Lake North property (the
"Property"). Pursuant to a property option and joint
venture agreement dated April 29,
2013 (the "Option and JV Agreement") between Fission
Uranium Corp. and Azincourt Energy Corp. ("Azincourt"),
which was later acquired by Fission 3, Azincourt earned an initial
10% interest in the Property. On December
18, 2018, Fission 3, as operator of the Property, sent
Azincourt the approved exploration/development program and budget,
which required Azincourt to elect whether to fund its share of the
program (the "Cash Call"). Azincourt did not respond
to the Cash Call within the time allotted under the Option and JV
Agreement and is thereby deemed to have elected not to participate
in the Cash Call. As a result, Azincourt's interest in the
Property and joint venture is terminated and Fission 3 now owns a
100% interest in the Property. The Company has sent Azincourt
a notice confirming the above.
About Patterson Lake North
(PLN)
PLN is in the south-west area of Saskatchewan's Athabasca Basin, immediately adjacent and to
the north of Fission Uranium's PLS project, which hosts the
high-grade Triple R uranium deposit. With its proximity to
large-scale, high-grade uranium deposits, and with multiple
geological and geophysical interpreted features, including an
extensive drill-identified mineralized corridor, PLN ranks highly
in Fission 3's extensive portfolio.
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
"Dev
Randhawa"
Dev Randhawa, Chairman & CEO
Fission 3.0
Corp.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement: Fission 3.0
Corp.
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
Canadian legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"has," "now", "shall", "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "has the potential to".
Forward looking statements contained in this press release may
include statements regarding the future operating or financial
performance of Fission 3.0 Corp. which involve known and unknown
risks and uncertainties which may not prove to be accurate. Actual
results and outcomes may differ materially from what is expressed
or forecasted in these forward-looking statements. Such statements
are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Among those factors
which could cause actual results to differ materially are the
following: market conditions and other risk factors listed from
time to time in our reports filed with Canadian securities
regulators on SEDAR at www.sedar.com. The forward-looking
statements included in this press release are made as of the date
of this press release and Fission 3.0 Corp. disclaim any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities
legislation.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States of America. The
securities have not been and will not be registered under the
United States Securities Act of 1933 (the "1933 Act") or any state
securities laws and may not be offered or sold within the United States unless registered under the
1933 Act and applicable state securities laws, or an exemption from
such registration is available.
SOURCE Fission 3.0 Corp.