Uranium Vitality (NYSE:UEC) mentioned late Friday that it’s submitting a revised provide to UEX Corp. (OTCQB:UEXCF) of 0.0890 of 1 widespread share of UEC for every UEX share held.
Uranium Vitality (UEC) mentioned the provide is valued at C$0.49 per UEX share primarily based on Friday’s closing costs in New York and Toronto, and is “superior to the Denison proposal in all respects.”
The corporate mentioned its revised provide is a 7% enchancment over the unique trade ratio and better monetary consideration than the Denison (NYSE:DNN) provide.
UEX (OTCQB:UEXCF) shareholders are scheduled to vote on Uranium Vitality’s (UEC) proposed acquisition on August 9.
Final week, Denison Mines (DNN) made a proposal to UEX (OTCQB:UEXCF) within the hope of consolidating 100% possession in its flagship Wheeler River undertaking.