ir@fissionuranium.com
www.fissionuranium.com
- The Board of Directors of Fission recommends that
Securityholders vote FOR the Arrangement.
- Securityholders are encouraged to vote in advance of the
September 5, 2024 proxy voting
deadline.
- For assistance in voting, Securityholders may contact Laurel
Hill Advisory Group (North America
(toll-free): 1-877-452-7184 / Outside North America: 1-416-304-0211
/ Email: assistance@laurelhill.com)
/NOT FOR RELEASE OR DISTRIBUTION IN
THE UNITED STATES/
KELOWNA,
BC, Aug. 26, 2024 /CNW/ - FISSION
URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) ("Fission")
announces the postponement of the special meeting (the
"Meeting") of Fission's shareholders and optionholders
(collectively, "Securityholders") in connection with the
previously announced plan of arrangement (the "Arrangement")
with Paladin Energy Limited ("Paladin"). The Meeting will
reconvene on September 9, 2024 at
10:00 a.m. (Pacific time).
Based on a preliminary assessment of votes received by Fission's
proxy solicitor, the majority of votes cast to date support the
Arrangement, which is still less than the 66 2/3% required to
approve the Arrangement. Nearly half the votes remain
outstanding and the postponement of the Meeting is intended to
provide additional time for all Securityholders to have the
opportunity to make their voices heard.
Fission continues to recommend that Securityholders vote
FOR the Arrangement. Fission notes that both major
independent proxy advisory firms, ISS and Glass Lewis, have
recommended Securityholders vote FOR the Arrangement.
DETAILS OF THE VOTE
The record date for determining Securityholders eligible to vote
at the Meeting remains July 19, 2024.
Securityholders who have not yet voted are urged to do so as soon
as possible, in accordance with the instructions accompanying the
form of proxy or voting instruction form mailed to Securityholders
together with the Circular. The deadline for Securityholders
to return their completed proxies or voting instruction forms has
been extended to September 5, 2024 at
10:00 a.m. (Pacific time).
Securityholders who have already voted their securities in
support are not required to take further action.
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".
Shareholders requiring assistance in voting:
Laurel Hill Advisory Group
North America (toll-free):
1-877-452-7184
Outside North America:
1-416-304-0211
Email: assistance@laurelhill.com
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 anticipated benefits of
the Arrangement to Paladin's and Fission's shareholders; the
ability of Paladin and Fission to complete the Arrangement on the
terms described herein or at all; the plans and strategies of
Paladin or Fission; the future performance of Paladin or Fission;
the ability to obtain the requisite regulatory, stock exchange,
court and shareholder approvals for the Arrangement; and statements
about market and industry trends, which are based on interpretation
of market conditions. 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.