This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.įor further information, please see Azarga Uranium's Report of Voting Results, which is filed on SEDAR at About Azarga Uranium Corp.Īzarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America ("USA") ( South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects. Securities Act and applicable exemptions under state securities laws.
ENCORE ENERGY 2800 LA FRONTERA REGISTRATION
Securities Act"), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. None of the securities to be issued pursuant to the transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S.
The Closing Exchange Ratio shall be equal 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, subject to a maximum Closing Exchange Ratio of 0.49 common shares of enCore for each share of Azarga Uranium outstanding. Additionally, the Exchange Ratio will be subject to an adjustment mechanism at the closing of the transaction (the "Closing Exchange Ratio"). In connection with the Plan of Arrangement, the Azarga Uranium shareholders will receive 0.375 common shares of enCore for each Azarga Uranium common share held (the "Exchange Ratio"). enCore Energy and Azarga Uranium are working together to complete these regulatory approvals in order to close the transaction. Closing of the Plan of Arrangement is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, the final stock exchange approval.
The British Columbia Supreme Court hearing for the final order to approve the Plan of Arrangement is expected to occur on November 19, 2021. In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Azarga Uranium shareholders, excluding the votes cast in respect of the Azarga Uranium shares held by certain related parties (as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions). The two licensed Texas production plants, now under revitalization, combined with over 90 million 43-101 compliant pounds of uranium resources across Wyoming, South Dakota and New Mexico 1 ideally position enCore to advance clean energy sources in the nuclear renaissance." "Upon closing of this transaction, enCore Energy will have established itself as one of the leading in-situ recovery uranium development companies in the United States. "enCore is very pleased with the results of the Azarga Uranium shareholder vote and will be working closely with Azarga to complete the next steps to close this transaction," said William M. enCore Energy will host an information session, via webinar, on Thursday, Novemat 11 AM EST.
(TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) ("Azarga Uranium") have approved the plan of arrangement (the "Plan of Arrangement") with enCore previously announced on September 7th, 2021. The Plan of Arrangement was approved by 99.8% of the votes cast by holders of common shares of Azarga Uranium. (TSXV: EU) (OTCQB: ENCUF) (the " Company" or "enCore") is pleased to announce that the shareholders of Azarga Uranium Corp. 17, 2021 /PRNewswire/ - enCore Energy Corp.
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