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Published on 3/18/2008 in the Prospect News PIPE Daily.

New Issue: Fission wraps C$1 million private placement of stock

By Devika Patel

Knoxville, Tenn., March 18 - Fission Energy Corp. said it has settled a private placement of shares, raising C$1 million.

The company sold 1 million common shares at C$1.00 per share to the Waterbury Lake Consortium.

Proceeds will be added to working capital.

Based in Kelowna, B.C., Fission is a uranium exploration and development company with properties in Saskatchewan's Athabasca basin, Alberta, Quebec and an international property in Peru.

Issuer:Fission Energy Corp.
Issue:Common shares
Amount:C$1 million
Shares:1 million
Price:C$1.00
Warrants:No
Investor:Waterbury Lake Consortium
Settlement date:March 18
Stock symbol:TSX Venture: FIS
Stock price:C$0.85 at close March 17

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