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enCore Energy Reports 19.9% Ownership of Nuclear Fuels Inc.
enCore Energy Reports 19.9% Ownership of Nuclear Fuels Inc. Canada NewsWire N...
About this update from Encore Energy Corp.
[{"type":"text","content":"\n \n \n \n enCore Energy Reports 19.9% Ownership of Nuclear Fuels Inc.\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NYSE American:EU\n \n \n \n TSXV:EU\n \n \n \n \n \n DALLAS\n \n \n ,\n \n \n July 10, 2023\n \n \n /CNW/ -\n \n enCore Energy Corp.\n \n (\"\n \n enCore\n \n \" or the \"\n \n Company\n \n \") (NYSE American: EU) (TSXV: EU) announced today that the Company has received 9,263,800 shares of Nuclear Fuels Inc. (CSE: NF) (formerly Uravan Minerals Inc.) in exchange for shares of a private BC company (also named Nuclear Fuels) which held uranium projects in\n \n Wyoming\n \n and\n \n Arizona\n \n . (\n \n enCore NR dated\n \n Nov 3, 2022\n \n \n ).\n \n \n \n \n \n \n \n \n \n Immediately prior to the acquisition, enCore held 64,000 post-consolidated common shares of Nuclear Fuels Inc. (CSE:NF). Following the business transaction completion, enCore holds a total of 9,327,800 shares representing approximately 19.9% of the issued and outstanding common shares of Nuclear Fuels Inc.\n \n \n enCore is holding the shares of Nuclear Fuels Inc. for investment purposes, and may, depending on market and other conditions, increase or decrease its beneficial ownership of the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.\n \n \n The disclosure respecting enCore's shareholdings contained in this news release is made pursuant to National Instrument 62-103 and a report respecting the above acquisition will be filed with the applicable securities commissions and will be available for viewing at\n \n www.sedar.com\n \n . Solely for the purposes of the report, the consideration shares of the Company that were received by enCore were attributed a deemed price of\n \n $0.45\n \n per Company share as determined in accordance with stock exchange rules, resulting in a deemed value of the Company shares received by enCor...