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Angold Resources Ltd ( (TSE:AERO) ) has shared an announcement.
Aero Energy Limited and Kraken Energy Corp. have entered into a definitive arrangement agreement where Aero will acquire all outstanding shares of Kraken, creating a premier North American uranium developer. The transaction, valued at approximately $1.64 million, offers a 20% premium to Kraken shareholders and combines Aero’s Athabasca Basin assets with Kraken’s U.S. uranium assets, enhancing market presence and shareholder value. The merger is expected to leverage U.S. permitting processes and strengthen leadership, with unanimous board support and significant shareholder backing.
More about Angold Resources Ltd
YTD Price Performance: -37.50%
Average Trading Volume: 174,885
Technical Sentiment Signal: Buy
Current Market Cap: C$3.05M
For detailed information about AERO stock, go to TipRanks’ Stock Analysis page.