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Uranium Equities Ltd Evaluating Demerger Of Phosenergy Assets


Monday, 27 May 2013 08:32pm EDT 

Uranium Equities Ltd announced that it is evaluating a possible separation of its exploration and PhosEnergy Process assets via a demerger of the PhosEnergy Process assets. Subject to further evaluation and regulatory requirements, this would involve an in-specie distribution of shares in a new entity to existing shareholders of Uranium Equities on a prorata basis. The proposal is currently undergoing detailed consideration with a view to making a decision as to whether to proceed down this path in the next few weeks. The Board cautions that no firm decision has as yet been made. In any event any demerger would require various regulatory approvals including shareholders. 

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16 Sep 2014