Brief: IsoEnergy And Consolidated Uranium Announce Merger

IsoEnergy (Pre-Reincorporation)

27/09/2023 11:09

Sept 27 (Reuters) - Consolidated Uranium Inc  CUR.V :
    * ISOENERGY AND CONSOLIDATED URANIUM ANNOUNCE MERGER TO
CREATE A
LEADING, DIVERSIFIED URANIUM COMPANY, FOCUSED ON THE WORLD’S TOP
URANIUM JURISDICTIONS
    * CONSOLIDATED URANIUM -  UNDER TERMS, CONSOLIDATED URANIUM
SHAREHOLDERS WILL RECEIVE 0.500 OF A COMMON SHARE OF ISOENERGY
FOR EACH CUR SHARE
    * CONSOLIDATED URANIUM INC - IMPLIED FULLY DILUTED IN -MONEY
EQUITY VALUE OF COMBINED COMPANY IS ESTIMATED AT APPROXIMATELY
$903.5 MILLION
    * CONSOLIDATED URANIUM - POST CLOSE, EXISTING ISOENERGY AND
CONSOLIDATED URANIUM SHAREHOLDERS TO OWN ABOUT 70.5% & 29.5% OF
COMBINED CO, RESPECTIVELY
    * CONSOLIDATED URANIUM INC - DEAL ACCRETIVE TO NET ASSET
VALUE
(NAV) FOR ISOENERGY SHAREHOLDERS
    * CONSOLIDATED URANIUM INC - COMBINED COMPANY'S BOARD OF
DIRECTORS
WILL CONSIST OF SIX DIRECTORS, FOUR OF WHOM WERE SELECTED BY
ISOENERGY

Source text for Eikon:  ID:nGNX5SqJNP 
Further company coverage:  CUR.V 

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