Uranium Resources to merge with Anatolia Energy Limited.
M2 EQUITYBITES-August 27, 2015-Uranium Resources to merge with Anatolia Energy Limited
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Uranium company Uranium Resources (URI) (Nasdaq:URRE) said on Wednesday that it will vote in support of the combination with Anatolia Energy Limited (ASX:AEK.AX).
URI's 24% shareholder Resource Capital Fund V L.P. (RCF) has reportedly committed to vote in support of the combination of URI and Anatolia (Merger).
According to the company, RCF is satisfied with its final due diligence related to the merger and is evaluating project financing options for Anatolia's Temrezli Project.
In conjunction, URI's annual meeting of its stockholders to vote on, among other items, the issuance of URI securities to effect the merger is scheduled for 9:00 on 23 September 2015 (Denver time). URI's Proxy Statement has been filed and mailed or otherwise distributed to URI shareholders.
Anatolia Energy Ltd is a uranium exploration and development company holding an extensive portfolio of licences within the Republic of Turkey, and is well placed to become a key explorer and miner in Turkey's emerging uranium sector. It has a 100% interest in 9 licences covering over 18,000ha of ground, including several advanced exploration and development opportunities, in the central Anatolian region of Turkey.
Concurrently, Anatolia has completed Pre-Feasibility Study (PFS) for the development of its Temrezli ISR Project, which is premised on the construction of a central processing plant (CPP) at the Temrezli site, and will process uranium bearing solutions from the Temrezli well field, with potential to process uranium-loaded resin transported from any satellite uranium deposits developed in the future from Anatolia's other projects in the region.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 27, 2015|
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