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Okapi Resources Ltd. ( (AU:GUE) ) has issued an update.
Global Uranium and Enrichment Limited has determined the consideration to be received by its shareholders and optionholders under proposed schemes of arrangement through which Snow Lake Resources Ltd will acquire all GUE shares it does not already own and cancel existing GUE options in exchange for new Snow Lake securities. Subject to court and shareholder approvals and other conditions, GUE shareholders will receive 0.018122 new Snow Lake shares for each GUE share and optionholders 0.018122 Snow Lake warrants per option, with additional Snow Lake warrants to be issued to holders of GUE placement options upon their cancellation; GUE’s independent directors unanimously recommend securityholders vote in favour of the schemes, signalling a strategic step toward consolidating ownership and potentially reshaping GUE’s capital structure under Snow Lake’s control.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited is an ASX-listed company focused on uranium assets and related enrichment opportunities, providing investors with exposure to the nuclear fuel sector. Its securities include fully paid ordinary shares and various classes of options traded on the Australian Securities Exchange and OTC markets.
Average Trading Volume: 1,848,833
Technical Sentiment Signal: Buy
Current Market Cap: A$35.08M
For detailed information about GUE stock, go to TipRanks’ Stock Analysis page.