Uranium Energy Corp

ASE:UEC  
3.32
+0.24 (+7.79%)
5:21:58 PM EDT: $3.30 -0.02 (-0.60%)
Mergers / Acquisitions

Uranium Energy Acquires UEX

Published: 06/13/2022 13:52 GMT
Uranium Energy Corp (UEC) - Uranium Energy Corp Announces Acquisition of Uex Corporation to Create the Largest Diversified North American Focused Uranium Company.
Uex Corp - Each Shareholder of Uex Will Receive 0.0831 of One Uec Share in Exchange for Each Uex Share.
Uex Corp - Share Exchange Ratio Implies Consideration of Approximately C$0.43 per Uex Share.
Uex Corp - at Closing, Existing Uec and Uex Shareholders Will Own Approximately 86.3% and 13.7%, Respectively.
Uex Corp - Intends to Call a Meeting of Shareholders to Be Held in August 2022 to Seek Shareholder Approval for Arrangement.
Uex Corp - Agreement Provides for Termination Fee of $8.25 Million to Be Paid by Uex to Uec If Agreement is Terminated in Some Specified Circumstances.
Uex Corp - Agreement Provides for a Termination Fee of Us$8.25 Million to Be Paid by Uex to Uec If Agreement is Terminated in Some Specified Circumstances.
Uex Corp - Under Agreement Uec Has Agreed to Provide Uex With C$5 Million Funding by Way of a Private Placement of Uex Shares.
Uex Corp - Directors and Senior Officers of Uex Entered Into Voting Support Agreements With Uec.