Nuclear Fuels Announces Final Court Approval of Arrangement with Premier American Uranium
Nuclear Fuels (OTCQX:NFUNF) has received final approval from the Supreme Court of British Columbia for its statutory plan of arrangement with Premier American Uranium (TSXV:PUR). The arrangement, targeting completion around August 25, 2025, will result in PUR acquiring all outstanding shares of Nuclear Fuels.
Upon completion, Nuclear Fuels shares will be delisted from the Canadian Securities Exchange, while PUR will continue trading on the TSX Venture Exchange. The Company has engaged Canaccord Genuity as financial advisor and will issue 648,414 common shares at $0.347 per share as compensation for their services.
Nuclear Fuels (OTCQX:NFUNF) ha ottenuto l'approvazione definitiva dalla Corte Suprema della British Columbia per il piano statutario di riorganizzazione con Premier American Uranium (TSXV:PUR). L'operazione, prevista in chiusura intorno al 25 agosto 2025, porterà PUR ad acquisire tutte le azioni in circolazione di Nuclear Fuels.
Alla chiusura, le azioni di Nuclear Fuels saranno revocate dalla Canadian Securities Exchange, mentre PUR resterà quotata alla TSX Venture Exchange. La società ha nominato Canaccord Genuity come consulente finanziario e emetterà 648.414 azioni ordinarie al prezzo di $0,347 per azione come compenso per i suoi servizi.
Nuclear Fuels (OTCQX:NFUNF) ha recibido la aprobación final de la Corte Suprema de Columbia Británica para su plan estatutario de reestructuración con Premier American Uranium (TSXV:PUR). La operación, prevista para completarse alrededor del 25 de agosto de 2025, resultará en que PUR adquiera todas las acciones en circulación de Nuclear Fuels.
Al completarse, las acciones de Nuclear Fuels serán excluidas de la Canadian Securities Exchange, mientras que PUR continuará cotizando en la TSX Venture Exchange. La empresa ha contratado a Canaccord Genuity como asesor financiero y emitirá 648.414 acciones ordinarias a $0,347 por acción como compensación por sus servicios.
Nuclear Fuels (OTCQX:NFUNF)는 Premier American Uranium (TSXV:PUR)와의 법정 합병 계획에 대해 브리티시컬럼비아 대법원의 최종 승인을 받았습니다. 이 거래는 2025년 8월 25일경 완료될 예정이며, PUR가 Nuclear Fuels의 모든 발행 주식을 인수하게 됩니다.
거래 완료 시 Nuclear Fuels의 주식은 Canadian Securities Exchange에서 상장 폐지되며, PUR는 TSX Venture Exchange에서 계속 거래됩니다. 회사는 재무 자문사로 Canaccord Genuity를 선정했으며 그 대가로 서비스 비용으로 648,414 보통주를 주당 $0.347에 발행할 예정입니다.
Nuclear Fuels (OTCQX:NFUNF) a obtenu l'approbation finale de la Cour suprême de la Colombie-Britannique pour son plan légal d'arrangement avec Premier American Uranium (TSXV:PUR). L'opération, dont la finalisation est prévue aux alentours du 25 août 2025, permettra à PUR d'acquérir toutes les actions en circulation de Nuclear Fuels.
Après clôture, les actions de Nuclear Fuels seront radiées de la Canadian Securities Exchange, tandis que PUR continuera de se négocier à la TSX Venture Exchange. La société a engagé Canaccord Genuity comme conseiller financier et émettra 648 414 actions ordinaires au prix de 0,347 $ par action en rémunération de ses services.
Nuclear Fuels (OTCQX:NFUNF) hat die endgültige Genehmigung des Obersten Gerichts von British Columbia für seinen gesetzlich vorgeschriebenen Reorganisationsplan mit Premier American Uranium (TSXV:PUR) erhalten. Der Abschluss der Vereinbarung, geplant für etwa den 25. August 2025, führt dazu, dass PUR alle ausstehenden Aktien von Nuclear Fuels übernimmt.
Mit Vollzug werden die Aktien von Nuclear Fuels von der Canadian Securities Exchange gestrichen, während PUR weiterhin an der TSX Venture Exchange gehandelt wird. Das Unternehmen hat Canaccord Genuity als Finanzberater beauftragt und wird zur Vergütung ihrer Leistungen 648.414 Stammaktien zu $0,347 je Aktie ausgeben.
- None.
- Nuclear Fuels shares will be delisted from the Canadian Securities Exchange
- Share issuance of 648,414 common shares to Canaccord causing minor dilution
CSE:NF
OTCQX:NFUNF
Completion of the Arrangement remains subject to the approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature. Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the Plan of Arrangement on or about to August 25, 2025.
Upon closing of the Arrangement, PUR will acquire all of the issued and outstanding common shares of Nuclear Fuels. Additional details with respect to the Arrangement are described in the Company's news releases on June 5, 2025, July 15, 2025, and August 13, 2025, and in the Company's management information circular dated July 10, 2025 available under the Company's profile on SEDAR+ at www.sedarplus.ca.
Following completion of the Plan of Arrangement, the shares of PUR will continue trading on the TSX Venture Exchange and the shares of the Company will be de-listed from the Canadian Securities Exchange, and will not be made available for trading on the TSX Venture Exchange.
In connection with the Plan of Arrangement, the Company engaged Canaccord Genuity Corp. ("Canaccord") as a financial advisor to the Company's board of directors (the "Board") to assist the Board in evaluating the Plan of Arrangement. As consideration for the financial advisory services provided by Canaccord, the Company will be issuing 648,414 common shares to Canaccord at a deemed price of
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "
Cautionary Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including, but not limited to, the issuance of the common shares to Canaccord, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding PUR following the closing of the Plan of Arrangement, including receipt of required regulatory and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement, and other expectations and assumptions concerning the Arrangement, including de-listing from the Canadian Securities Exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management of the Company at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
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SOURCE Nuclear Fuels Inc.
FAQ
When will Nuclear Fuels (NFUNF) complete its arrangement with Premier American Uranium?
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How many shares is Nuclear Fuels (NFUNF) issuing to Canaccord Genuity?
What approvals are still needed for the Nuclear Fuels and Premier American Uranium arrangement?
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