Uranium Resources' Shareholders Support Business Combination With Anatolia

Uranium Resources (NASDAQ:URRE) announced that its shareholders showed overwhelming support of the business combination with Anatolia Energy at the annual meeting. The company also announced that in regards to the share issuance, shareholders voted 98.6 percent in support.
As quoted in the press release:

A total of 21.6 million shares or 72% of shares eligible to vote were cast at the Annual Meeting. The Anatolia securityholders’ meetings will be held on October 9, 2015 local time in Perth. Pending approval by Anatolia securityholders and the Federal Court of Australia, the combination is expected to close in early November 2015. In regards to the other proxy matters at the URI Annual Meeting, shareholders re-elected to the URI Board of Directors Terence J. Cryan, Mr. Jones, Marvin K. Kaiser, Tracy A. Stevenson and Mark K. Wheatley. For the third consecutive year, URI shareholders also approved URI’s executive compensation in an advisory vote with support of 98%. Finally, Hein & Associates LLP was ratified as the independent registered public accounting firm for URI.

Christopher Jones, president and CEO of Uranium Resources, commented:

We thank our shareholders for their continued support for this proposed combination with Anatolia, which we believe will transform URI into a near term, low-cost uranium producer. We are committed to advancing the Temrezli in-situ recovery project through its final permitting process and into development as efficiently and quickly as possible. We thank our shareholders for their continued support for this proposed combination with Anatolia, which we believe will transform URI into a near term, low-cost uranium producer. We are committed to advancing the Temrezli in-situ recovery project through its final permitting process and into development as efficiently and quickly as possible.

Click here to read the full Uranium Resources (NASDAQ:URRE) press release.