ir@fissionuranium.com
www.fissionuranium.com
/NOT FOR RELEASE OR DISTRIBUTION IN
THE UNITED STATES/
KELOWNA,
BC, Sept. 6, 2024 /CNW/ - FISSION URANIUM
CORP. (TSX: FCU) (OTCQX: FCUUF) ("Fission")
announced today that the Supreme Court of British Columbia (the "Court") has
granted the amendment to 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"). The amended Interim Order provides for
a new Meeting date of September 9,
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.
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; and the ability to obtain the requisite court and
shareholder approvals for the Arrangement. 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.