Uranium Participation Corporation and Sprott Asset Management Announce Closing Date for Arrangement

Uranium Participation Corporation and Sprott Asset Management Announce Closing Date for Arrangement

TORONTO, July 15, 2021 (GLOBE NEWSWIRE) — Uranium Participation Corporation (TSX: U) (“UPC”) and Sprott Asset Management LP (“Sprott Asset Management”), announced today that, following the satisfaction of the conditions to closing, UPC has filed articles of arrangement under the Business Corporations Act (Ontario) and a certificate of arrangement was issued in connection with the previously announced plan of arrangement involving UPC, Sprott Asset Management, the Sprott Physical Uranium Trust, and 2834819 Ontario Inc. (the “Transaction”), which will close and be effective at 12:01 a.m. (Toronto time) on July 19, 2021.

With the closing of the Transaction on July 19, 2021, trading of the units of the newly-established Sprott Physical Uranium Trust is expected to commence on the Toronto Stock Exchange under the symbol “U.UN” in Canadian dollars and “U.U” in U.S. dollars on such date. Trading of the common shares of UPC on the Toronto Stock Exchange will be […]

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