Uranium Energy Confirms Intention to Acquire UEX Corporation

Uranium Energy Confirms Intention to Acquire UEX Corporation

More than 38% of eligible UEX securities have already been tendered, as of this press release, with an overwhelming 93.7% voting in favour of the UEC transaction.

UEC offer of C$0.49 per UEX share is financially superior to the Acquisition Proposal submitted by Denison.

Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares will now receive 0.0890 of one common share of UEC (a " UEC Share ") for each UEX Share held, implying consideration of approximately C$0.49 per UEX Share based on the closing price of UEX Shares and UEC Shares on the Toronto Stock Exchange and the NYSE American Exchange, respectively, and the spot exchange rate as of August 5, 2022. The Revised UEC Offer also increases the break fee by 7%, which is an increase proportional to the percentage increase in the offered exchange ratio under […]

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