CEO Corner

CEO Corner

Fission 3 Announces Increase in Private Placement Financing


NOT FOR DISSEMINATION IN THE UNITED STATES
OR THROUGH U.S. NEWSWIRE SERVICES

KELOWNA, British ColumbiaSept. 12, 2018 (GLOBE NEWSWIRE) -- Fission 3.0 Corp. (“Fission 3” or the “Company”) is pleased to announce that due to strong demand in its previously announced non-brokered private placement financing of units (“Units”) and flow-through shares (“FT Shares”), the Company has increased the Unit offering to up to C$6.0 million in aggregate gross proceeds and reduced the FT Share offering to up to C$2.0 million in aggregate gross proceeds. In addition, the Company will pay a finder’s fee in accordance with the policies of the TSX Venture Exchange but will not grant finders warrants. All other terms of the financing will remain the same.

As disclosed in the Company’s press release of August 15, 2018, the Units will be sold at a price of C$0.10 per Unit and each Unit consists of one common share (“Common Shares”) and one common share purchase warrant (“Warrants”) exercisable at C$0.15 for a period of 3 years and the FT Shares will be sold at a price of C$0.10 per FT Share.

Closing of the offering will occur in one or more tranches, with the final tranche anticipated to close before the end of September 2018. Closing is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The Common Shares, Warrants, common shares issuable on exercise of the Warrants and FT Shares will be subject to resale restrictions for a period of four months from the closing date.

The gross proceeds of the offering of FT shares will be used to incur Canadian exploration expenses, which will be renounced in favour of the purchasers for the 2018 taxation year. The net proceeds from the sale of the Units will be used to advance development of the Company’s properties and for general working capital.

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                                  Investor Relations
                                                                             
"Dev Randhawa"                                                        TF: 778-484-8030
                                                                                   ir@fission3corp.com
Dev Randhawa, CEO                                                www.fission3corp.com
Fission 3.0 Corp.

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 "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 the future operating or financial performance of Fission 3.0 Corp. 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 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United Statesunless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

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.

 

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Source: Fission 3.0 Corp.


Forward-Looking Information: Some of the posted entries on the CEO Corner may contain forward-looking statements. Forward-looking statements address future events and conditions which involve inherent risks and uncertainties. Actual results could differ materially from those expressed or implied by them. Examples of forward looking information and assumptions include future estimates of the worldwide supply and demand for uranium and the effect that these changes could have on the short term and long term price of uranium on the world markets.

In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "projects", "plans", "anticipates" and similar expressions. These statements represent management's expectations or beliefs concerning, among other things, future operations and various components thereof affecting the economic performance of Fission. Undue reliance should not be placed on these forward-looking statements which are based upon management's assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed above, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.

Links: Some of the posted entries on the CEO Corner may include links to 3rd party websites. Fission has not reviewed all websites linked to or from this Site and is not responsible for the contents of any such websites. The inclusion of any link does not imply endorsement by Fission of the linked website or its content. Use of any such linked website is at the user's own risk.

For further information we refer you to our legal notice.

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