Macusani Yellowcake Cancels 7,573,847 Common Shares
Macusani Yellowcake Inc.(TSXV:YEL) announced the cancellation of 7,573,847 common shares. The Company now has 159,473,613 issued and outstanding common shares.
As quoted in the press release:
The shares were previously owned by Southern Andes Energy Inc. (“Southern Andes”) which was acquired by Macusani in a three-cornered merger transaction completed in April 2012. Macusani has recently amalgamated with its wholly-owned subsidiary Peru Uranium Inc. (the successor entity to Southern Andes) and the shares were cancelled in connection with the completion of this amalgamation.