00:29:17 EDT Mon 29 May 2023
Enter Symbol
or Name

Consolidated Uranium Inc
Symbol CUR
Shares Issued 78,830,446
Close 2023-01-24 C$ 1.87
Recent Sedar Documents

Consolidated Uranium acquisition of Virginia Energy

2023-01-25 16:09 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated Nov. 14, 2022, between Consolidated Uranium Inc. and Virginia Energy Resources Inc., pursuant to which the company acquired all of the issued and outstanding common shares of Virginia Energy by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

Pursuant to the terms of the arrangement, 100 per cent of the issued and outstanding Virginia Energy shares, other than Virginia Energy shares already held by the company, were exchanged on the basis of 0.26 of a common share of the company for each Virginia Energy share. In connection with the arrangement, the company paid a finder's fee equal to 160,000 common shares in the capital of the company and $300,000 in cash.

The exchange has been advised that the Supreme Court of British Columbia provided its final order approving the arrangement on Jan. 23, 2023. The exchange has been advised that the arrangement closed on Jan. 24, 2023. For further details, refer to Virginia Energy's management information circular dated Dec. 15, 2022, which is available under Virginia Energy's profile on SEDAR, and the company's news releases dated Nov. 15, 2022, and Jan. 24, 2023.

© 2023 Canjex Publishing Ltd. All rights reserved.