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The latest announcement is out from Okapi Resources Ltd. ( (AU:GUE) ).
Global Uranium and Enrichment Limited has dispatched its court-approved scheme booklet to shareholders and optionholders, outlining the proposed acquisition of all remaining GUE shares by Snow Lake Resources via share and option schemes of arrangement. The booklet includes an independent expert’s report from BDO Corporate Finance Australia, which concludes that both the share and option schemes are fair and reasonable and in the best interests of GUE securityholders in the absence of a superior proposal, and GUE’s independent directors have unanimously recommended that investors vote in favour of the schemes, signalling strong board support for the transaction and a potential strategic consolidation under Snow Lake if approved.
More about Okapi Resources Ltd.
Global Uranium and Enrichment Limited (GUE) is an ASX- and OTCQB-listed company active in the uranium and enrichment sector, offering exposure to nuclear fuel-related assets for investors in Australia and international markets.
Average Trading Volume: 1,325,654
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$29.16M
For a thorough assessment of GUE stock, go to TipRanks’ Stock Analysis page.