Energy Fuels and Magnum Uranium Announce Merger Agreement
Energy Fuels Inc. (TSX: EFR)("Energy Fuels" or the "Company") and ("Magnum Uranium") are pleased to announce that the companies have entered into a preliminary agreement providing for Energy Fuels to acquire all of the outstanding shares of Magnum Uranium in an all share transaction. This agreement has been approved by the Boards of Directors of both companies. The combination of these two companies will significantly enhance one of the largest conventional uranium mining companies operating in the United States. Magnum Uranium shares will be acquired at a share exchange ratio of 0.78 shares of Energy Fuels for each Magnum Uranium share.
- Published: 30 March 2009
- Written by Editor