fission stock

Fission 3.0 Corp. Announces Exercise of Warrants for Proceeds of $660,000

Fission 3.0 Corp. (TSXV: FUU) (the "Company") today announced that since September 1st it has received total proceeds of approx. $660,000 from the exercise of stock options and warrants. The warrants were issued pursuant to a private placements that closed in September and October 2018 and August 2020. Accordingly, the Company has issued a total of 6,031,000 shares of common stock in exchange for the exercised options and warrants.

The proceeds received by Fission from the exercise of the options and warrants will be used for working capital, and general corporate purposes.

None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any State where such offer, solicitation, or sale would be unlawful.

About Fission 3.0 Corp.

Fission 3.0 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of world's largest high grade uranium discoveries. Fission 3.0 currently has 14 projects in the Athabasca Basin. Several of Fission 3.0's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits. Fission 3.0 has recently completed an $8 million funding with Red Cloud Securities and are currently planning a winter exploration/drill program on their PLN project. They are also entertaining JV partners with some of their other projects.

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO

Contact details
Investor Relations
Ph: 778-484-8030
TF: 844-484-8030
ir@fission3corp.com
www.fission3corp.com
https://twitter.com/Fission3Corp

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102143

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Eclipse Metals

Eclipse Metals and Boss Energy Sign Binding Option & Earn-In Agreement for Liverpool Uranium Project

Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.

Keep reading...Show less
Australian Rare Earths

AR3 Intersects Shallow Uranium Occurrence at Overland

Australian Rare Earths Limited (ASX: AR3) is pleased to announce highly encouraging results from its ongoing exploration drilling program at the Overland Uranium Project.

Keep reading...Show less
Several red cubes that display the uranium periodic table information on each side.

Laramide Increases Uranium Resource at Westmoreland Project

Toronto-based Laramide Resources (ASX:LAM,TSX:LAM,OTCQX:LMRXF) announced an updated mineral resource estimate (MRE) for its Westmoreland uranium project in Queensland, Australia.

In a February 28 release, the Australia and US-focused uranium company said that the updated estimate demonstrates 34 percent and 11 percent increases in its indicated and inferred resource categories, respectively.

The total indicated resource is 48.1 million pounds of uranium oxide (U3O8) at an average grade of 770 parts per million, accounting for 70 percent of the total resource. The remaining 30 percent is classified as inferred and totals approximately 17.7 million pounds of U3O8 at an average grade of 680 parts per million.

Keep reading...Show less
Saskatchewan on a map.

Denison Mines Moves Closer to Federal Approval for Phoenix ISR Uranium Project

Dual listed uranium miner Denison Mines (TSX:DML,NYSEAMERICAN:DNN) announced that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River uranium project in Saskatchewan, marking a significant step toward final federal approval.

Denison Mines is a uranium mining, development and exploration company focused on the Athabasca Basin region of Northern Saskatchewan, Canada. The company holds an effective 95 percent interest in its flagship Wheeler River uranium project, the largest undeveloped uranium project in the Eastern Athabasca Basin.

The public hearing, set for later this year on October 8 and December 8 through 12, will be the final stage in the environmental assessment process and the decision regarding the company’s application for a Licence to Prepare and Construct a Uranium Mine and Mill.

Keep reading...Show less

Latest Press Releases

Related News

×