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| Home : Fission Uranium and Alpha Minerals Execute Definitive Agreement |
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Sep 18
2013 |
Fission Uranium and Alpha Minerals Execute Definitive Agreement |
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KELOWNA, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2013) - FISSION URANIUM CORP. (TSX VENTURE:FCU) ("Fission") and ALPHA MINERALS INC. (TSX VENTURE:AMW) ("Alpha") are pleased to announce the signing of a definitive arrangement agreement (the "Arrangement Agreement") to effect the previously announced transaction (the "Transaction") pursuant to which Fission will acquire Alpha and its primary asset, a 50% interest in the Patterson Lake South joint venture (the "PLS Joint Venture"), the other 50% of which is held by Fission. Under the terms of the Arrangement Agreement, Fission has agreed to offer shareholders of Alpha 5.725 shares of Fission and a cash payment of $0.0001 for each Alpha share held by them. The offer represents a 14.5% premium to the unaffected share prices of Alpha and Fission on August 23, 2013, the last trading day prior to the announcement of Fission's initial proposal to Alpha, and an 11% premium based on the closing prices on August 30, 2013, the last trading day prior to the announcement of the proposed Transaction. |
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| Source:http://www.marketwired.com/mw/release.do?id=1831900&sourceType=3 |
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