Business
Canadian Uranium Announces Definitive Agreement With Rook 2
Vancouver, British Columbia – March 20, 2026 – TheNewswire - Canadian Uranium Corp. (CSE: CANU) (the “Company”) is pleased to announce that it has entered into
About this update from Canadian Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia – March 20, 2026 – TheNewswire - Canadian Uranium Corp. (CSE: CANU) (the “Company”) is pleased to announce that it has entered into an amalgamation agreement dated March 19, 2026 (the “Amalgamation Agreement”) with Rook 2 Uranium Corp. (“Rook 2”), a private company, to acquire all of the issued and outstanding common shares of Rook 2 (“Rook 2 Shares”) by way of a three-cornered amalgamation (the “Transaction”). Rook 2 holds the sole option to acquire a 100% interest (the “Option”) in 21 mineral claims comprising an area of approximately 18,941 hectares (ha) in Saskatchewan (the “Property”). Transaction Details The Transaction will be completed by way of a three-cornered amalgamation under the Business Corporations Act (British Columbia) among the Company, a wholly-owned subsidiary of the Company to be incorporated for the purposes of the Transaction (“Subco”) and Rook 2. Pursuant to the terms of the Amalgamation Agreement, Rook 2 will amalgamate with Subco, and the holders of Rook 2 Shares will each receive one common share of the Company (a “Company Share”) for every one Rook 2 Share held. It is expected that 9,663,156 Company Shares will be issued to the current shareholders of Rook 2 as consideration for all of the outstanding Rook 2 Shares pursuant to the Transaction. Upon closing of the Transaction, the amalgamated company will operate as a wholly-owned subsidiary of the Company. No finder’s fees will be paid in connection with the Transaction. The Company and Rook 2 are arm’s length parties. Completion of the Transaction is subject to a number of conditions customary of a transaction of this nature, including without limitation, the receipt of all necessary regulatory and Rook 2 shareholder approvals. There can be no guarantees that the Transaction will be completed as contemplated, or at all. \"As we look to the future, we're excited to build a world-class team and company from the strong foundation we've laid over the past three years. We've worked hard to secure what we believe are the best assets in the industry, and the Rook 2 asset is particularly exciting for us – starting from a historic resource in the prolific Athabasca Basin is a great advantage. We're also proud to honor our roots from the Titan Uranium days by bringing back familiar faces who’ve been contributors and had succes...