ATHA Energy Secures Shareholder Approval For Major Merger, Awaits Approval From Latitude Uranium And 92 Energy
FULL DISCLOSURE: This is sponsored content for ATHA Energy.
ATHA Energy (CSE: SASK) continues to work towards closing its landmark merger arrangement with Latitude Uranium (CSE: LUR) and 92 Energy Limited (ASX: 92E).
The company has secured resolutions from shareholders representing a majority of its shares to proceed with the transaction, which as per policies of the Canadian Securities Exchange, is sufficient for requirements of shareholder approval, and removes the need to conduct a meeting of shareholders.
Latitude Uranium meanwhile is expected to hold its special meeting of shareholders related to the transaction on February 27, while 92 Energy is expected to hold a meeting of shareholders at some point in March to approve the scheme.
“As we continue to work towards closing, we feel confident that ATHA is moving into a new era of growth and opportunity that is in line with our strategic goal of discovering and developing Canada’s next generation of uranium assets,” commented Troy Boisjoli, CEO of ATHA Energy on the developments.
The progress follows the company yesterday announcing the appointment of Suraj Ahuja as a technical advisor to the company. With over five decades of experience in the uranium space, Ahuja is credited with developing the foundation of many of Cameco Corp’s assets as a Senior Geologist, back when it operated as Saskatchewan Mining and Development Corp., and served as a director of UEX Corp for nearly two decades before its acquisition by Uranium Energy Corp.
READ: Atomic Revival: The Uranium Rush Sparks Renewed Interest Among Traders
ATHA Energy last traded at $1.04 on the CSE.
FULL DISCLOSURE: ATHA Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ATHA Energy. The author has been compensated to cover ATHA Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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