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Energy Fuels Inc agrees to sell its interest in Bayswater Uranium Corp to Mega Uranium Ltd

Thursday, 19 Dec 2013 07:00am EST 

Energy Fuels Inc:Enters into a securities purchase agreement to sell all of its shares of Bayswater Uranium Corp. to Mega Uranium Ltd. in exchange for 1,750,000 newly issued common shares of Mega.Says it acquired 2,759,807 shares of Bayswater as part of its Aug. 30, acquisition of Strathmore Minerals Corp.Says 2,759,807 shares represent about 11.5 pct of the issued and outstanding shares of Bayswater.Says the transaction is expected to be completed on or before Jan. 17, 2014.Says the shares of Mega being acquired by Energy Fuels will be issued on a private placement basis and are subject to a statutory four-month holding period. 

Company Quote

8 Oct 2015