• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    GoviEx Announces that the Zambian Competition and Consumer Protection Commission has Provided Approval to Complete Dension Transaction

    Jocelyn Aspa
    May. 30, 2016 09:29AM PST
    Company News

    GoviEx Uranium (CSE:GXU) has announced that the Zambian Competition and Consumer Protection Commission has reviewed and provided its approval to complete the transaction that will see GoviEx acquire Denison’s wholly owned subsidiary, Rockgate Capital Corp., which holds all of Denison’s Africa-based uranium interests. As quoted in the press release: Having received approval from the Zambian …

    GoviEx Uranium (CSE:GXU) has announced that the Zambian Competition and Consumer Protection Commission has reviewed and provided its approval to complete the transaction that will see GoviEx acquire Denison’s wholly owned subsidiary, Rockgate Capital Corp., which holds all of Denison’s Africa-based uranium interests.
    As quoted in the press release:

    Having received approval from the Zambian Competition and Consumer Protection Commission, GoviEx now expects the closing of the Transaction to occur on or about June 10, 2016, subject to the receipt of all other required consents and approvals, as well as the satisfaction of other conditions customary for a transaction of this nature.
    About the Transaction
    The Transaction is expected to create a leading Africa-focused uranium development company. Following successful completion of the Transaction, GoviEx will control one of the largest uranium resource bases among publicly listed development companies, with combined Measured & Indicated resources of 124.29 million pounds (Mlbs) U3O8, plus Inferred resources of 73.11 Mlbs U3O8.
    The asset portfolio of the combined company will include two permitted uranium development projects – including GoviEx’s Madaouela project in Niger and Denison’s Mutanga project in Zambia. It also will include Denison’s Falea project, an advanced exploration-stage project in Mali, and the exploration-stage Dome project in Namibia.
    Under the terms of the Transaction, GoviEx will acquire Denison’s wholly owned subsidiary, Rockgate Capital Corp., which holds all of Denison’s Africa-based uranium interests in exchange for approximately 56.1 million shares of GoviEx plus approximately 22.4 million common share purchase warrants of GoviEx. Upon completion of the Transaction, Denison will hold 25% of GoviEx shares outstanding and 28% of GoviEx shares on a fully-diluted basis.

    Click here to read the full press release.

    rockgate capital corpfalea project
    The Conversation (0)

    Go Deeper

    AI Powered
    Metal letterpress sign that says Top 50.

    6 Mining Companies Make Top 20 on 2025 OTCQX Best 50 List

    GoviEx Uranium Announces Transformational Reverse Takeover of Tombador Iron Limited, Unlocking ASX Listing and A$10.4 Million in Cash Reserves

    GoviEx Uranium Announces Transformational Reverse Takeover of Tombador Iron Limited, Unlocking ASX Listing and A$10.4 Million in Cash Reserves

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×