Brief: Okapi Resources Ltd Says Okapi Enters Uranium Enrichment Sector

Global Uranium and Enrichment

24/01/2023 22:31

Jan 25 (Reuters) - Okapi Resources Ltd  OKR.AX :
    * OKAPI ENTERS URANIUM ENRICHMENT SECTOR
    * ENTERED INTO A BINDING AGREEMENT TO BECOME A CORNERSTONE
SHAREHOLDER IN UBARYON PTY LTD
    * WILL ACQUIRE ITS POSITION THROUGH A PRIVATE PLACEMENT IN
UBARYON
    * TOTAL CONSIDERATION WILL BE A$3.1 MILLION FOR AN INITIAL
19.9%
INTEREST IN UBARYON
    * SUBJECT TO COMPLETION OF SHARE BUYBACK BY UBARYON FROM
EXISTING
SHAREHOLDERS, CO'S SHAREHOLDING IN UBARYON COULD INCREASE TO
21.9%

Source text for Eikon:  ID:nASX8VtlZP 
Further company coverage:  OKR.AX 
 (Reporting by Udbhav Krishna P)
 ((UdbhavKrishna.P@thomsonreuters.com;))