KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 06/27/13 -- FISSION URANIUM CORP. ("Fission" or "the Company") (TSX VENTURE: FCU)(OTCQX: FCUUF)(FRANKFURT: 2FU) is pleased to announce it is now trading on OTCQX® under the symbol FCUUF. The company has chosen to trade on this US marketplace to provide its growing number of US-based investors with home country disclosure, current financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.
Dev Randhawa, CEO and Chairman of Fission Uranium, commented,
"We are excited to be joining OTCQX. The uranium discovery that our team made at PLS recently has drawn considerable international attention and action. It's important for us that we provide our U.S. investors with all of the information and tools they need to analyze and trade Fission securities."
Fission is the Operator of the major high-grade uranium discovery at Patterson Lake South (PLS) in Canada's Athabasca Basin, home to the world's richest source of high-grade uranium. The company's technical team, under the leadership of President, COO and Chief Geologist, Ross McElroy, has made two major uranium discoveries in the last three years. In addition to the PLS discovery, Fission holds a portfolio of highly prospective properties on the Western side of the Athabasca Basin as well as in the emerging uranium district of Macusani in Peru.
Fission's founding CEO, Dev Randhawa, also founded Fission Energy Corp. which became a top 50 TSX-V company before selling the majority of its assets - as part of a deal arranged by Dev Randhawa - to Denison Mines.
Euro Pacific Capital will serve as Fission Uranium's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Further to the Company's news release on May 31, 2013, the price of the incentive stock options granted to Directors, Officers, employees and consultants, entitling them to purchase an aggregate of 9.265 million shares in the capital of the Company is set at C$ 0.73 per share and are exercisable until June 1, 2016 in accordance with the policies of the TSX Venture Exchange.
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" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
Dev Randhawa, Chairman and CEO
Cautionary Statement: 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 potential spin-out and listing of Fission Uranium and the future operating or financial performance of Fission and Fission Uranium 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 the Company and Fission Uranium 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.
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.
Fission Uranium Corp.
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