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Alpha Minerals inc receives court approval plan of arrangement, including the spin-out of Alpha Exploration Inc

Monday, 2 Dec 2013 02:58pm EST 

Alpha Minerals Inc:Says that the previously announced plan of arrangement with Fission Uranium Corp has been approved by the Court of Queen's Bench of Alberta.Says on completion of the Arrangement, each Alpha shareholder will hold: 5.725 common shares of Fission and one-half of one common share of Alpha Exploration Inc.Says upon completion of the Arrangement, all of shares of Alpha shall be owned by Fission, and Alpha shares will be de-listed from trading on the TSX-V.Says under the Arrangement, Alpha Exploration Inc will be spun out and shall receive Alpha Minerals assets, other than its joint venture interest in the PLS property, and approximately $3,000,000 in cash. 

Company Quote

-0.27 -4.72%
5 Dec 2013