Consolidated Uranium and Premier American Uranium Announce Closing of Spin-Out

Arizona Sonoran Copper TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”) has been completed. The Arrangement was effective at 12:01 a.m. (Toronto time) on November 27, 2023.

Pursuant to the Arrangement, CUR transferred ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets ”) to PUR in exchange for 7,753,752 common shares of PUR (“ PUR Shares ”).

As part of the Arrangement, CUR distributed 3,876,786 of the PUR Shares it received under the Arrangement to holders (the “ CUR Shareholders ”) of common shares […]

Click here to view original web page at www.juniorminingnetwork.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.