Consolidated Uranium and Premier American Uranium Announce Closing of Spin-Out
TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed.
- TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed.
- CUR Shareholders of record as of the Record Date are entitled to receive PUR Shares in respect of the CUR Shares they hold.
- As consideration under the Premier Transaction, PUR has issued 12,000 Compressed Shares to the former shareholders of Premier.
- The Compressed Shares are only being issued to the shareholders of Premier in connection with the Premier Transaction.