Fission and Alpha Both Receive Securityholder Approval of Their Respective Plans of Arrangement
28 Novembro 2013 - 11:30PM
Marketwired
Fission and Alpha Both Receive Securityholder Approval of Their
Respective Plans of Arrangement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2013) -
FISSION URANIUM CORP. ("Fission")
(TSX-VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) and ALPHA MINERALS
INC. ("Alpha") (TSX-VENTURE:AMW) are pleased to announce that each
of their respective previously announced plans of arrangement
(respectively, the "Fission Arrangement" and the "Alpha
Arrangement"), have been approved by their respective
securityholders today.
The Fission Arrangement, which involves spinning out of certain
assets of Fission to Fission 3.0 Corp., was approved by
shareholders and optionholders of Fission (together, the "Fission
Securityholders") at a special meeting (the "Fission Meeting") of
the Fission Securityholders held today. At the Fission Meeting, a
special resolution approving the Fission Arrangement was approved
by: (i) 99.55% of the votes cast by Fission shareholders; and (ii)
99.60% of the votes cast by Fission Securityholders, voting
together as a single class.
The Alpha Arrangement, which involves acquisition of all shares
of Alpha by Fission and spinning out of non-Patterson Lake South
assets of Alpha to Alpha Exploration Inc., was approved by
shareholders, optionholders and warrantholders of Alpha (together,
the "Alpha Securityholders") at a special meeting (the "Alpha
Meeting") of the Alpha Securityholders held today. At the Alpha
Meeting, a special resolution approving the Alpha Arrangement was
approved by: (i) 83.18% of the votes cast by Alpha shareholders;
and (ii) 85.72% of the votes cast Alpha Securityholders, voting
together as a single class. In addition, Alpha received minority
approval of the Alpha Arrangement in accordance with Multilateral
Instrument 61-101.
Both arrangements are still subject to final approval by the TSX
Venture Exchange and the Court of Queen's Bench of Alberta (the
"Court"). The Court hearings for obtaining the final orders
approving the arrangements are scheduled to take place on November
29, 2013, and the completion of the both arrangements is expected
to occur on December 6, 2013.
Additional information regarding the terms of the Fission
Arrangement are set out in Fission's management information
circular dated October 29, 2013, which is available under Fission's
profile at www.sedar.com.
Additional information regarding the terms of the Alpha
Arrangement are set out in Alpha's management information circular
dated October 29, 2013, which is available under Alpha's profile at
www.sedar.com.
About Fission Uranium Corp.
Fission Uranium 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 "FCU".
About Alpha Minerals Inc.
Alpha Minerals Inc. is a mineral exploration company whose
principal focus is the exploration and development of uranium
properties in Athabasca Basin in northern Saskatchewan, Canada.
Common Shares are listed on the TSX Venture Exchange under the
symbol "AMW".
ON BEHALF OF THE BOARD OF FISSION
Dev Randhawa, Chairman & CEO
ON BEHALF OF THE BOARD OF ALPHA
Ben Ainsworth, President & CEO
Neither 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 release.
Cautionary Statement: Certain information contained in this
press release constitutes "forward-looking information", within the
meaning of Canadian legislation concerning the completion of the
Arrangement. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"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", "occur", "be
achieved" or "has the potential to". Forward-looking statements
contained in this press release may include statements regarding
Fission's and Alpha's ability to complete the Fission Arrangement
and Alpha Arrangement, respectively, and the anticipated effective
date of the Fission Arrangement and Alpha Arrangement, 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: uncertainties as to the
timing of the Fission Arrangement and Alpha Agreement and
satisfaction of the respective conditions thereto, market
conditions and other risk factors listed from time to time in
Fission's and Alpha's 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 both Fission and Alpha 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.
THE TSX-VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE.
Fission Uranium Corp.Rich MatthewsInvestor
Relations877-868-8140ir@fissionuranium.comwww.fissionuranium.comAlpha
Minerals Inc.Robert MeisterInvestor
Relations866-629-0293info@alphaminerals.cawww.alphaminerals.ca
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