TSX VENTURE SYMBOL: FUU
OTCQB SYMBOL: FISOF
VANCOUVER, BC, June 29, 2020 /CNW/ - FISSION 3.0
CORP. ("Fission 3" or "the Company")
announces that in addition to reducing the Company's G&A with
50% cuts to salaries and fees paid to Management, Directors and all
employees, it has further reduced costs by choosing to change its
Auditors to properly reflect the Company's size and
activities. The Company remains encouraged by the new level
of support for the spot price of uranium but remains committed to
reducing costs and keeping its overhead as low as possible.
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
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
"anticipate", "will", "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", "offers the opportunity to",
"occur", "be achieved" or "has the potential to". Forward looking
statements contained in this press release may include statements
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, our
ability to continue to trade on the OTCQB Marketplace, our ability
to increase visibility and liquidity, our ability to diversify our
shareholder base, risks related to the novel coronavirus (COVID-19)
pandemic, including disruptions to the Company's business and
operational plans, risks related to the global economic uncertainty
as a result of the novel coronavirus (COVID-19) pandemic 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.
SOURCE Fission 3.0 Corp.