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AMW Alpha Minerals

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Share Name Share Symbol Market Type
Alpha Minerals TSXV:AMW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Fission and Alpha Both Receive Securityholder Approval of Their Respective Plans of Arrangement

29/11/2013 12:30am

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alpha Minerals Inc.
Robert Meister
Investor Relations
866-629-0293
info@alphaminerals.ca
www.alphaminerals.ca


Fission Uranium Corp.
Rich Matthews
Investor Relations
877-868-8140
ir@fissionuranium.com
www.fissionuranium.com

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