Fission 3.0 Provides Update of Joint Venture Arrangement on Paterson Lake North
KELOWNA, BRITISH COLUMBIA--(Marketwired - May 8, 2017) - Fission 3.0 Corp. (TSX VENTURE:FUU) ("Fission 3") announces that it has received notice from Azincourt Resources Inc. that it has elected not to earn its additional interest in Fission 3's Paterson Lake North Project ("PLN") under the property option agreement dated April 29, 2013. As a result, a joint venture will be formed between Fission 3 and Azincourt Resources whereby Fission 3 owns 90% and Azincourt Resources owns 10% of PLN.
Dev Randhawa, Chairman and CEO, of Fission 3.0, commented,
"Azincourt has decided not to follow through on its previous intention to increase its ownership of PLN. Fission 3.0 will therefore continue to explore this prospective project as the 90% stakeholder. We have already identified a number of conductors and successfully drill tested a 700m mineralized corridor and we are excited by the project's potential."
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
Phil Morehouse, President, 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.
Contact
Fission 3.0 Corp.
Rich Matthews
Investor Relations
TF: 778-484-8030
rich@fission3corp.com
www.fission3corp.com