The Conversation (0)
Energy Fuels Inc. (TSX:EFR) has entered into a definitive arrangement agreement with Strathmore Minerals Corp. (TSX:STM,OTCQX:STHJF), whereby Energy Fuels will acquire all of the issued and outstanding common shares of Strathmore.
As quoted in the press release:
Strathmore shareholders will receive 1.47 common shares of Energy Fuels for each common share of Strathmore held (the “Exchange Ratio”), resulting in the shareholders of Strathmore owning approximately 21% of the issued and outstanding shares of Energy Fuels upon completion of the Transaction based on Energy Fuels’ current common shares outstanding.
Energy Fuels and Strathmore will host a joint conference call on Thursday, June 20, 2013 at 4:30pm ET to discuss the Transaction and its related benefits to both Energy Fuels and Strathmore shareholders. Details for the conference call are forthcoming, and will be posted to the Energy Fuels and Strathmore websites (www.energyfuels.com and www.strathmoreminerals.com), when available.
Click here to read the Energy Fuels Inc. (TSX:EFR) press release