Uranium Royalty Gets Shareholder Nod to Combine With Sweetwater Entities

MT Newswires Live07-21 04:58

Uranium Royalty (UROY) said Monday its shareholders have approved a plan of arrangement to combine the company and the Sweetwater Entities under a new parent company, New URC.

Under the arrangement, the company will acquire Sweetwater Investors' roughly 92% interest in certain entities holding trona royalty assets and landholdings in Wyoming, Utah and Colorado.

Following the completion of the arrangement, New URC is expected to list on the Nasdaq on July 28, while Uranium Royalty's shares will be delisted from the Toronto Stock Exchange around the same time.

Additionally, Chief Financial Officer Andy Marshall will step down effective July 29, and Eason Chen will take the position of interim CFO.

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