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U308 Corp To Acquire Calypso Uranium Corp

Monday, 11 Mar 2013 08:45am EDT 

U308 Corp announced that it has signed a definitive agreement to acquire all of the shares of Calypso Uranium Corp. Under the proposal, Calypso shareholders will receive 0.40 of one common share of U3O8 Corp. for every one Calypso share held. Currently, U3O8 Corp. has 138,355,495 shares outstanding. After completion of the acquisition, there will be 158,607,822 shares outstanding of U3O8 Corp. of which approximately 13% will be held by Calypso shareholders. Also in connection with the acquisition, an aggregate of 3,690,000 stock options of Calypso which are exercisable at prices ranging from $0.15 to $0.16, will remain outstanding. There will be no changes to the management or board of directors of U3O8 Corp. as a result of the acquisition. 

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