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Okapi Resources Ltd. ( (AU:GUE) ) has provided an update.
Global Uranium and Enrichment Limited has secured orders from the Federal Court of Australia to convene shareholder and optionholder meetings to vote on schemes of arrangement under which Snow Lake Resources Ltd would acquire all GUE shares it does not already own and cancel existing GUE options in exchange for new Snow Lake warrants. The court has also approved the distribution of a scheme booklet outlining details of the proposed transaction, and the independent GUE board has unanimously recommended that securityholders vote in favour of the schemes, with independent directors signalling their intention to support the deal with their own holdings, underscoring strong board backing for the acquisition process and its potential to reshape the company’s ownership and strategic direction.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited is an ASX- and OTCQB-listed company focused on uranium assets and enrichment opportunities, positioning itself within the global nuclear fuel and energy supply chain. Its securities include fully paid ordinary shares and unlisted options traded on the Australian Securities Exchange.
Average Trading Volume: 1,309,330
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$29.16M
Learn more about GUE stock on TipRanks’ Stock Analysis page.