Brief: Uravan And Wellsc Announce Intent For Reverse-Takeover Transaction

Nuclear Fuels

25/07/2019 18:34

Uravan Minerals Inc  UVN.V :
    * URAVAN AND WELLSC ANNOUNCE INTENT FOR REVERSE-TAKEOVER
TRANSACTION
    * URAVAN MINERALS INC - ENTERED INTO OF A BINDING LETTER OF
INTENT
DATED JULY 18, 2019
    * URAVAN MINERALS - CO, WELLSC WILL COMBINE THEIR BUSINESS
OPERATIONS RESULTING IN A REVERSE TAKEOVER OF URAVAN BY WELLSC
AND ITS SHAREHOLDERS
    * URAVAN MINERALS INC - DEAL WILL RESULT IN A REVERSE
TAKEOVER OF
CO BY WELLSC AND VOLUNTARILY DELISTING OF URAVAN FROM TSX
VENTURE EXCHANGE
    * URAVAN MINERALS - CO, WELLSC TO COMPLETE A CONCURRENT
PRIVATE
PLACEMENT OFFERING OF WELLSC COMMON SHARES ATPRICE ANTICIPATED
TO BE ABOUT $0.40 /SHARE

Source text for Eikon:  ID:nCNW1XJkwa 
Further company coverage:  UVN.V