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enCore Energy and Azarga Uranium Provide Update on Proposed Transaction and Shareholder Vote
enCore Energy and Azarga Uranium Provide Update on Proposed Transaction and Shareholder V...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy and Azarga Uranium Provide Update on Proposed Transaction and Shareholder Vote\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n CORPUS CHRISTI, Texas\n \n ,\n \n Oct. 21, 2021\n \n /PRNewswire/ - enCore Energy Corp. (\"\n \n enCore\n \n \") (TSXV: EU) (OTCQB: ENCUF) and Azarga Uranium Corp. (\"\n \n Azarga\n \n \") (TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) are pleased to provide a corporate update including information concerning the definitive agreement (the \"\n \n Agreement\n \n \") whereby enCore will acquire all of the issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement (the \"\n \n Transaction\n \n \"). An Azarga information circular will be mailed on or before\n \n October 26, 2021\n \n to Azarga shareholders of record as of\n \n October 12, 2021\n \n . The shareholder vote will be held on\n \n November 16, 2021\n \n at\n \n 10:00 AM\n \n (\n \n Vancouver\n \n time) at the offices of Azarga at Unit 1 – 15782 Marine Drive,\n \n White Rock, BC\n \n , V4B 1E6.\n \n \n \n \n \n \n \n \n \n \n Terms of the Agreement\n \n \n \n Under the terms of the Agreement, Azarga shareholders will receive 0.375 common shares of enCore for each Azarga common share held (the \"\n \n Exchange Ratio\n \n \") subject to adjustment as described in the information circular. The Exchange Ratio implied consideration of $0.71 per Azarga common share based on the closing price of the enCore common shares on the TSX Venture Exchange on\n \n September 3, 2021\n \n . Additional details may be found in the Azarga information circular.\n \n \n \n Transaction Highlights\n \n \n \n \n Creation of a top-tier American uranium in-situ recovery (\"ISR\") mining company with multiple assets at various stages of development;\n \n \n Two licensed ISR production facilities and multiple potential satellite exploration and development projects in\n \n South Texas\n \n ;\n \n \n Advanced stage Dewey Burdock development project in\n \n South Dakota\n \n with key federal permits issued;\n \n...