Subject to a maximum Closing Exchange Ratio of 0.49 common shares of enCore for each share of Azarga outstanding. The Closing Exchange Ratio shall beĮqual to the greater of: (i) the Exchange Ratio or (ii) an exchange ratio calculated as $0.54 divided by enCore's 15-day volume-weighted average price prior to the closing of the Transaction, Implies consideration of $0.71 per Azarga common share based on the closing price of the enCore common shares on the TSX Venture Exchange on September 3rd, 2021.Īdditionally, the Exchange Ratio will be subject to an adjustment mechanism at the closing of the Transaction (the " Closing Exchange Ratio"). Under the terms of the Agreement, Azarga shareholders will receive 0.375 common shares of enCore for each Azarga common share held (the " Exchange Ratio"). Measured & indicated category, 9.9 million pounds in the inferred category, as well as 68.4 million pounds in the historic category*. The combined company will possess a uranium resource base of 90.0 million pounds in the Project located in Wyoming, and a portfolio of resource staged projects throughout the United States. Producing uranium production facilities in South Texas, the advanced stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-staged Gas Hills
The Transaction consolidates an industry leading pipeline ofĮxploration and development staged in-situ recovery (" ISR") focused uranium projects located in the United States, including the licensed Rosita & Kingsville Dome past Issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement (the " Transaction"). (TSX:AZZ, OTCQB:AZZUF, FRA:P8AA) are pleased to announce that they have entered into a definitive arrangement agreement (the " Agreement") whereby enCore will acquire all of the (" enCore") (TSXV:EU, OTCQB:ENCUF) and Azarga Uranium Corp. We will not send personal information using this system.CORPUS CHRISTI, TX / ACCESSWIRE / Septem/ enCore Energy Corp. To ensure you are aware that messages are sent from Channelchek, all text messages we send will include the word “Channelchek” in the text.
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