by Greg Klein | November 28, 2013
Now that both companies have put it to a vote, Fission Uranium’s TSXV:FCU acquisition of Alpha Minerals TSXV:AMW goes to the TSXV and Alberta Court of Queen’s Bench for final approval. The 50/50 Patterson Lake South joint venture partners announced overwhelming support at their respective meetings on November 28. The companies expect final approval on December 6.
Assuming final approvals come through, the arrangement will put the celebrated PLS uranium project under a single takeover target… er, company. Alpha and Fission will each create a spinco for their non-PLS assets.