TSX VENTURE SYMBOL: FUU
OTCQB SYMBOL: FISOF
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION
DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES./
VANCOUVER, BC, July 22, 2020 /CNW/ - Fission 3.0 Corp. (the
"Company") (TSX-V: FUU) is pleased to announce that it
intends to complete a non-brokered private placement of up to
20,000,000 units (each a "Unit") at a price of $0.05 per Unit for gross proceeds of up to
$1,000,000 (the "Private
Placement"). Each Unit will be comprised of one common share
and one common share purchase warrant (each a "Warrant").
Each Warrant is exercisable to purchase one common share of the
Company at a price of $0.06 per share
for a period of 24 months from the date of closing of the Private
Placement.
The Private Placement is subject to TSX Venture Exchange
approval and all securities are subject to a four month hold
period. Finder's fees up to 8% may be payable in connection with
the Private Placement, all in accordance with the policies of the
TSX Venture Exchange and applicable securities laws.
The net proceeds from the Private Placement will be used
for future exploration work on the Company's projects, corporate
development, and general corporate and working capital
purposes.
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, CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful, including 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, as
amended (the "1933 Act") or any state securities laws and
may not be offered or sold within the
United States or to, or for account or benefit of, U.S.
Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws,
or an exemption from such registration requirements is
available.
Cautionary Statement Regarding Forward Looking
Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws,
which may include, without limitation, statements that address the
Company's plans for its properties/projects, the closing of the
private placement and use of funds, other statements relating to
the technical, financial and business prospects of the Company, and
other matters. All statements in this news release, other than
statements of historical facts, that address events or developments
that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future,
including the price of metals, the ability to achieve its goals,
that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and
when needed and on reasonable terms. Such forward-looking
information reflects the Company's views with respect to future
events and is subject to risks, uncertainties and assumptions,
including those filed under the Company's profile on SEDAR at
www.sedar.com. Factors that could cause actual results to differ
materially from those in forward looking statements include, but
are not limited to, continued availability of capital and financing
and general economic, market or business conditions, the impact of
Covid-19 or other viruses and diseases on the Company's ability to
operate, adverse weather conditions, failure to obtain the
necessary equipment or machinery, failure to maintain all necessary
government permits, approvals and authorizations, failure to
maintain community acceptance (including First Nations), increase
in costs, litigation, and failure of counterparties to perform
their contractual obligations. The Company does not undertake to
update forward–looking statements or forward–looking information,
except as required by law.
SOURCE Fission 3.0 Corp.