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Uranium Power (NYSE:UEC) mentioned late Friday that it’s submitting a revised provide to UEX Corp. (OTCQB:UEXCF) of 0.0890 of 1 frequent share of UEC for every UEX share held.
Uranium Power (UEC) mentioned the provide is valued at C$0.49 per UEX share based mostly 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 change ratio and better monetary consideration than the Denison (NYSE:DNN) provide.
UEX (OTCQB:UEXCF) shareholders are scheduled to vote on Uranium Power’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% ownership in its flagship Wheeler River project.
