September 6, 2024
Fission Uranium Corp. (TSX:FCU, TENDER, C$2.70 target, David A. Talbot) announced that it intends to obtain the amended order from BC’s Supreme Court on shareholder meeting regarding Paladin’s (ASX:PDN) acquisition, scheduled for September 9th. The amended order is expected to include a provision for all options to be exercised into common shares, enabling option holders to vote in the meeting. Since management and insiders own a large portion of outstanding options, we believe it could help close any potential gap between for and against votes. The previous meeting on August 26th was adjourned as the total number of votes cast could not reach the minimum 66 2/3% threshold required for the vote to be considered (read notable). While the approval is still needed, we note that the inclusion of option votes could increase the voting turnout and eventually end up in favour of the transaction going through. Read more
Company Specific Disclosure Details
Fission Uranium Corp. – TSX:FCU – 1,2,3
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