FULL DISCLOSURE: This is sponsored content for ATHA Energy.
ATHA Energy (CSE: SASK) has seen continued progress with respect to its massive three company merger that was announced late last year.
Latitude Uranium (CSE: LUR) shareholders have approved of the proposed transaction, with 99.62% of the votes cast being in favor of the transaction. The company will now move to obtain a final order from the Ontario Superior Court to enable the transaction to close.
The approval follows ATHA securing approval from its own shareholders back in January. The transaction is now just waiting on the ASX-listed 92 Energy Limited to approve of the merger, with a meeting of shareholders scheduled to take place in March.
The landmark merger is expected to create a leading Canadian uranium explorer, with the transaction to dramatically increase ATHA’s land claims across three jurisdictions. In addition to claims in the Athabasca Basin, the company will also obtain the Angilak uranium project in Nunavut, and the CMB uranium project in Newfound and Labrador, both of which feature historical resource estimates.
READ: ATHA Energy To Acquire Two Uranium Issuers To Create Leading Canadian Explorer
On a combined basis, the resulting entity is expected to have over 7.1 million acres in prospective land claims across three Canadian jurisdictions.
ATHA Energy last traded at $0.95 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.
