ISOENERGY AND CONSOLIDATED URANIUM ANNOUNCE MERGER TO CREATE A LEADING, DIVERSIFIED URANIUM COMPANY, FOCUSED ON THE WORLD'S TOP URANIUM JURISDICTIONS
Under the terms of the Merger, Consolidated Uranium shareholders (the "Consolidated Uranium Shareholders") will receive 0.500 of a common share of IsoEnergy (each whole share, an "IsoEnergy Share") for each CUR Share held (the "Exchange Ratio").
- Under the terms of the Merger, Consolidated Uranium shareholders (the "Consolidated Uranium Shareholders") will receive 0.500 of a common share of IsoEnergy (each whole share, an "IsoEnergy Share") for each CUR Share held (the "Exchange Ratio").
- Chairman and CEO of Consolidated Uranium, Philip Williams, commented:
"There is a great deal of common ground between IsoEnergy and Consolidated Uranium. - The Consolidated Uranium board of directors (the "Consolidated Uranium Board") appointed a special committee (the "Consolidated Uranium Special Committee") to consider and make a recommendation to the Consolidated Uranium Board with respect to the Arrangement.
- Accordingly, the Consolidated Uranium Board unanimously recommends that Consolidated Uranium Shareholders vote in favour of the resolution (the "Arrangement Resolution") to approve the Arrangement.