Australian uranium developers Deep Yellow and Vimy Resources have agreed to a merger that is expected to create a new global uranium player with one of the largest uranium mineral resource inventories globally and two advanced, world class mining assets.
Under the terms of the merger Deep Yellow will acquire 100% of the Vimy shares on issue. Vimy shareholders will receive 0.294 Deep Yellow shares for every Vimy share held on the scheme record date.
Upon implementation of the scheme, Deep Yellow shareholders will hold 53% of the Merged Group and Vimy shareholders will hold 47%.
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