Nuclear Fuels Announces Final Court Approval of Arrangement with Premier American Uranium
Nuclear Fuels (OTCQX:NFUNF) has received final approval from the Supreme Court of British Columbia for its statutory plan of arrangement with Premier American Uranium (TSXV:PUR). The arrangement, targeting completion around August 25, 2025, will result in PUR acquiring all outstanding shares of Nuclear Fuels.
Upon completion, Nuclear Fuels shares will be delisted from the Canadian Securities Exchange, while PUR will continue trading on the TSX Venture Exchange. The Company has engaged Canaccord Genuity as financial advisor and will issue 648,414 common shares at $0.347 per share as compensation for their services.
Nuclear Fuels (OTCQX:NFUNF) ha ottenuto l'approvazione definitiva dalla Corte Suprema della British Columbia per il piano statutario di riorganizzazione con Premier American Uranium (TSXV:PUR). L'operazione, prevista in chiusura intorno al 25 agosto 2025, porter脿 PUR ad acquisire tutte le azioni in circolazione di Nuclear Fuels.
Alla chiusura, le azioni di Nuclear Fuels saranno revocate dalla Canadian Securities Exchange, mentre PUR rester脿 quotata alla TSX Venture Exchange. La societ脿 ha nominato Canaccord Genuity come consulente finanziario e emetter脿 648.414 azioni ordinarie al prezzo di $0,347 per azione come compenso per i suoi servizi.
Nuclear Fuels (OTCQX:NFUNF) ha recibido la aprobaci贸n final de la Corte Suprema de Columbia Brit谩nica para su plan estatutario de reestructuraci贸n con Premier American Uranium (TSXV:PUR). La operaci贸n, prevista para completarse alrededor del 25 de agosto de 2025, resultar谩 en que PUR adquiera todas las acciones en circulaci贸n de Nuclear Fuels.
Al completarse, las acciones de Nuclear Fuels ser谩n excluidas de la Canadian Securities Exchange, mientras que PUR continuar谩 cotizando en la TSX Venture Exchange. La empresa ha contratado a Canaccord Genuity como asesor financiero y emitir谩 648.414 acciones ordinarias a $0,347 por acci贸n como compensaci贸n por sus servicios.
Nuclear Fuels (OTCQX:NFUNF)电� Premier American Uranium (TSXV:PUR)鞕�鞚� 氩曥爼 頃╇硲 瓿勴殟鞐� 雽�頃� 敫岆Μ韹办嫓旎熂牍勳晞 雽�氩曥洂鞚� 斓滌 鞀轨澑鞚� 氚涭晿鞀惦媹雼�. 鞚� 瓯半灅电� 2025雲� 8鞗� 25鞚缄步 鞕勲霅� 鞓堨爼鞚措┌, PUR臧� Nuclear Fuels鞚� 氇摖 氚滍枆 欤检嫕鞚� 鞚胳垬頃橁矊 霅╇媹雼�.
瓯半灅 鞕勲 鞁� Nuclear Fuels鞚� 欤检嫕鞚� Canadian Securities Exchange鞐愳劀 靸侅灔 韽愳霅橂┌, PUR电� TSX Venture Exchange鞐愳劀 瓿勳啀 瓯半灅霅╇媹雼�. 須岇偓电� 鞛 鞛愲靷 Canaccord Genuity毳� 靹犾爼頄堨溂氅� 攴� 雽�臧�搿� 靹滊箘鞀� 牍勳毄鞙茧 648,414 氤错喌欤�毳� 欤茧嫻 $0.347鞐� 氚滍枆頃� 鞓堨爼鞛呺媹雼�.
Nuclear Fuels (OTCQX:NFUNF) a obtenu l'approbation finale de la Cour supr锚me de la Colombie-Britannique pour son plan l茅gal d'arrangement avec Premier American Uranium (TSXV:PUR). L'op茅ration, dont la finalisation est pr茅vue aux alentours du 25 ao没t 2025, permettra 脿 PUR d'acqu茅rir toutes les actions en circulation de Nuclear Fuels.
Apr猫s cl么ture, les actions de Nuclear Fuels seront radi茅es de la Canadian Securities Exchange, tandis que PUR continuera de se n茅gocier 脿 la TSX Venture Exchange. La soci茅t茅 a engag茅 Canaccord Genuity comme conseiller financier et 茅mettra 648 414 actions ordinaires au prix de 0,347 $ par action en r茅mun茅ration de ses services.
Nuclear Fuels (OTCQX:NFUNF) hat die endg眉ltige Genehmigung des Obersten Gerichts von British Columbia f眉r seinen gesetzlich vorgeschriebenen Reorganisationsplan mit Premier American Uranium (TSXV:PUR) erhalten. Der Abschluss der Vereinbarung, geplant f眉r etwa den 25. August 2025, f眉hrt dazu, dass PUR alle ausstehenden Aktien von Nuclear Fuels 眉bernimmt.
Mit Vollzug werden die Aktien von Nuclear Fuels von der Canadian Securities Exchange gestrichen, w盲hrend PUR weiterhin an der TSX Venture Exchange gehandelt wird. Das Unternehmen hat Canaccord Genuity als Finanzberater beauftragt und wird zur Verg眉tung ihrer Leistungen 648.414 Stammaktien zu $0,347 je Aktie ausgeben.
- None.
- Nuclear Fuels shares will be delisted from the Canadian Securities Exchange
- Share issuance of 648,414 common shares to Canaccord causing minor dilution
CSE:NF
OTCQX:NFUNF
Completion of the Arrangement remains subject to the approval of the TSX Venture Exchange, and certain other closing conditions customary in transactions of this nature.听Subject to satisfaction or waiver of these closing conditions, the parties are targeting to complete the Plan of Arrangement on or about to August 25, 2025.
Upon closing of the Arrangement, PUR will acquire all of the issued and outstanding common shares of Nuclear Fuels. Additional details with respect to the Arrangement are described in the Company's news releases on June 5, 2025, July 15, 2025, and August 13, 2025, and in the Company's management information circular dated July 10, 2025 available under the Company's profile on SEDAR+ at .
Following completion of the Plan of Arrangement, the shares of PUR will continue trading on the TSX Venture Exchange and the shares of the Company will be de-listed from the Canadian Securities Exchange, and will not be made available for trading on the TSX Venture Exchange.
In connection with the Plan of Arrangement, the Company engaged Canaccord Genuity Corp. ("Canaccord") as a financial advisor to the Company's board of directors (the "Board") to assist the Board in evaluating the Plan of Arrangement. As consideration for the financial advisory services provided by Canaccord, the Company will be issuing 648,414 common shares to Canaccord at a deemed price of
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early stage, district-scale ISR amenable uranium projects towards production in the
听
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "
Cautionary Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including, but not limited to, the issuance of the common shares to Canaccord, the timing and outcome of the Plan of Arrangement and the timing and outcome or satisfaction of any closing conditions of the Plan of Arrangement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including assumptions regarding PUR following the closing of the Plan of Arrangement, including receipt of required regulatory and stock exchange approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement, and other expectations and assumptions concerning the Arrangement, including de-listing from the Canadian Securities Exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management of the Company at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain regulatory or stock exchange approvals in connection with the Plan of Arrangement, material adverse change in the timing of completion and the terms and conditions upon which the Plan of Arrangement is completed, inability to satisfy or waive all conditions to complete the Plan of Arrangement as set out in the arrangement agreement, and failure to complete the Plan of Arrangement.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
View original content to download multimedia:
SOURCE Nuclear Fuels Inc.
FAQ
When will Nuclear Fuels (NFUNF) complete its arrangement with Premier American Uranium?
What happens to Nuclear Fuels (NFUNF) shares after the arrangement?
How many shares is Nuclear Fuels (NFUNF) issuing to Canaccord Genuity?
What approvals are still needed for the Nuclear Fuels and Premier American Uranium arrangement?
Which exchange will Premier American Uranium (PUR) shares trade on after the arrangement?
