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An update from C2C Gold ( (TSE:UE) ) is now available.
Urano Energy Corp., a company involved in energy projects, has announced a binding letter agreement to acquire Pegasus Resources Inc. This acquisition will consolidate Urano’s I-70 project with Pegasus’ Energy Sands and Jupiter projects, which are known for uranium mineralization. The transaction will result in Urano shareholders owning approximately 86.75% of the combined company, while Pegasus shareholders will hold 13.25%. The deal is structured to include the exchange of shares and warrants, with Pegasus entitled to nominate one director to Urano’s board. The completion of the transaction is subject to regulatory approvals and other conditions.
More about C2C Gold
Average Trading Volume: 149,632
Technical Sentiment Signal: Sell
Current Market Cap: C$16.41M
For a thorough assessment of UE stock, go to TipRanks’ Stock Analysis page.