Fission 3 Grants Stock Options

KELOWNA, BRITISH COLUMBIA–(Marketwired – Jan. 31, 2014) – FISSION 3.0 CORP. (“Fission 3“) (TSX VENTURE:FUU) announces that it has granted incentive stock options to Directors, Officers, employees and consultants entitling them to purchase up to 14,000,000 shares in the capital of the Company subject to the policies of the TSX Venture Exchange. The options are exercisable until January 31, 2019 at a price of $0.155 per share.

The company also announces that Phil Morehouse has been appointed President of Fission 3. Ross McElroy will continue as COO and Chief Geologist. Mr. Morehouse holds an MBA and is a management consultant who worked as a Joint Venture Manager for Fission Energy Corp. and provided special-project services to Fission Uranium Corp. He was previously the Executive Vice-President for Sernova Corp., a publically traded biotech company.

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

Dev Randhawa, Chairman and 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.

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CHAIRMAN, CEO, DIRECTOR​

Dev Randhawa, MBA

 

Dev Randhawa is a seasoned CEO with extensive experience in resources, mining exploration, and energy companies. As the former CEO of Fission Uranium Corp., Mr. Randhawa, along with his technical team, led the high-grade uranium discovery at PLS in 2012. Recently, Paladin Energy made an offer of $1.1 billion to buy Fission Uranium.

In 1996, Dev founded Strathmore Minerals Corp., leading it until 2008. Mr. Randhawa spun off Fission Energy Corp. in 2007, focusing on uranium exploration in Saskatchewan. He sold major assets to Denison Mines in 2013 for $85 million, creating Fission Uranium Corp.

Dev has executed significant joint ventures, including a $50 million partnership with Sumitomo (Japan) and $44mil with KEPCO (Korea). In 2016, Dev negotiated an $82 million investment in Fission from CGN Mining. He holds a BBA from Trinity Western College and an MBA from the University of British Columbia.