Fission Uranium Acquires Alpha Minerals

Fission Uranium Corp. and Alpha Minerals Inc. completed their previously announced plans of arrangement whereby Fission acquired all of the issued and outstanding common shares of Alpha (Alpha shares) with each of Fission and Alpha spinning out their respective non-Patterson Lake South project-related assets into two newly-formed, publicly-traded exploration companies, Fission 3.0 Corp., and Alpha Exploration Inc.

Pursuant to the transaction, each Alpha share was exchanged for 5.725 common shares of Fission (Fission share) and a nominal cash payment of $0.0001 for an aggregate purchase price of approximately $168 million. Holders of Alpha shares also received one-half of one common share of Alpha Exploration Inc. for each Alpha share held while holders of Fission shares received one common share of Fission 3.0 Corp. Concurrent with the closing the transaction, Alpha was delisted from the TSX Venture Exchange.

Fission was represented in Canada by Blake, Cassels & Graydon LLP with a team of Bob Wooder, Steve McKoen, Andrew Hennigar, Tara Amiri-Khaledi, David Bowles, Michael Li and Jennifer Marshall (corporate/securities), and Kevin Zimka (tax) and Melanie Gaston (litigation); by David Ashby of David G. Ashby Law Corporation; and in the US by Davis Wright Tremaine LLP with a team of Andrew Bond and Christopher Thorson (corporate/securities) and Pamela Charles (tax).

Alpha was represented by Miller Thomson LLP with a team of Greg Smith, Kevin Sorochan, Peter McArthur, Derek Cougal and Britt Redenbach (corporate/securities); Lyne Gaulin (tax) and Gordon Plottel and Jeffrey Thom (litigation); in the US by Eric Stiff (securities) of Locke Lord LLP; and the Alpha special committee was represented by Cyndi Laval of Gowling Lafleur Henderson LLP.


Jeffrey N. Thom Jennifer Marshall Cyndi D. Laval Lyne Gaulin Kevin J. Sorochan Kevin Zimka Peter J. McArthur Bob J. Wooder Gordon G. Plottel Gregory C. Smith Britt Redenbach Steven R. McKoen


Blake, Cassels & Graydon LLP Davis Wright Tremaine LLP Miller Thomson LLP Locke Lord Bissell & Liddell LLP Gowling WLG