Concerned shareholders of Fission Uranium successfully prevent merger with Denison Mines

The management of each of Denison Mines Corp. and Fission Uranium Corp. sought shareholder approval to combine their respective businesses to create a $900 million exploration and development company and combine uranium assets in Saskatchewan's Athabasca basin. Denison and Fission, each advised by Kingsdale Shareholder Services, sought to obtain the two-thirds approval required under the applicable corporate statute to complete the merger, through a proxy solicitation campaign. The concerned shareholders of Fission successfully prevented Fission from obtaining the required approval and the transaction did not proceed. Fasken Martineau acted for Fission’s concerned shareholders exclusively with respect to the planned merger and the related Special Meeting of Shareholders of Fission, with a team that included Blair Horn and Jon Conlin.