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Denison Mines (TSX:DML) and Fission Uranium (TSX:FCU) announced that they have terminated their previously announced arrangement to combine their businesses.
Denison Mines (TSX:DML) and Fission Uranium (TSX:FCU) announced that they have terminated their previously announced arrangement to combine their businesses.
As quoted in the press release:
At the deadline for submission of proxies on Friday, Denison’s shareholders strongly supported the Arrangement. While a majority of the Fission shares voted were in favour of the Arrangement, the required two-thirds approval was not obtained.
As a result of the termination of the Arrangement, neither Fission nor Denison will hold their respective shareholders meetings scheduled for October 14, 2015.
Computershare Investor Services Inc., as depositary for the Arrangement, will be returning any physical share certificates that have been submitted by shareholders of Denison and Fission in connection with the Arrangement, forthwith in accordance with the instructions contained in the letters of transmittal.
Click here to read the full Denison Mines (TSX:DML) press release.
FCU:CA