Fission 3 Issued Additional Shares in Aldrin

KELOWNA, BRITISH COLUMBIA–(Marketwired – Oct. 14, 2015) – FISSION 3.0 CORP. (“Fission 3“) (TSX VENTURE:FUU) announces that pursuant to an Option and Joint Venture Agreement entered into between Aldrin Resource Corp. (“Aldrin”) (TSX VENTURE:ALN) and Fission 3.0 Corp. dated February 2, 2015, Aldrin has elected to issue 714,285 common shares, with a deemed value of $0.14 per share, in lieu of a cash payment due of $100,000. Subsequent to the issuance of the shares, Fission 3 will hold 2,714,603 or 11.17% of the issued and outstanding common shares of Aldrin. The shares will be subject to a hold period expiring on February 14, 2016. These securities will be held for investment purposes and Fission may increase or decrease the investment in these securities depending upon future market conditions and the obligations of the parties under the Option and Joint Venture Agreement.

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.
Rich Matthews
Investor Relations
778-484-8030 / TF: 844-484-8030
rich@fission3corp.com
www.fission3corp.com

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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.