https://newsletter.en.creamermedia.com
Energy|Exploration|PROJECT
Energy|Exploration|PROJECT
energy|exploration|project

Key meeting in Fission-Paladin tie-up rescheduled

26th August 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian company Fission Uranium has urged securityholders to cast their votes in advance of the looming proxy deadline for its transaction with Australia’s Paladin Energy.

Fission on Monday announced the postponement of a special meeting of shareholders and optionholders to September 9 to give securityholders “more time to make their voices heard”.

The deadline for securityholders to return their completed proxies or voting instruction forms has been extended to September 5.

While the majority of votes cast to date support the takeover by Paladin, the votes were still less than the 66% required to approve the transaction, the Canadian exploration and development firm said in a statement.

The company noted that both independent proxy advisory firms, ISS and Glass Lewis, have recommended securityholders vote for the arrangement.

Paladin is seeking to acquire Fission for C$1.14-billion, creating a global uranium company with assets in Canada, Namibia and Australia.

The acquisition will integrate Fission’s assets, including the advanced-stage Triple R deposit at the PLS project, in Canada’s renowned Athabasca basin, with Paladin’s existing portfolio.

Edited by Creamer Media Reporter

Comments

Research Reports

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.461 0.551s - 190pq - 2rq
Subscribe Now