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Anatolia Energy given green light for merger
Anatolia Energy (ASX: AEK) has been given the nod to go ahead with the merger of its wholly owned subsidiary Anatolia Uranium (BVI) with joint venture partner Vetter Uranium after Vetter’s shareholders approved the move.
The reason for the merger is to acquire 100% of the Temrezli Uranium Project in Turkey, which is wholly owned by the Anatolia Uranium Joint Venture that Anatolia holds a 65% interest in.
The merged company will retain the name Anatolia Uranium (BVI).
To satisfy the deal, Anatolia will issue one share for every Vetter share held, for a total of 11.5 million shares.
The implementation of the merger is now only subject to Anatolia Uranium (BVI) regulatory approval, which is expected by the end of April.
Read More: http://www.forextradinganalysis.us/anatolia-energy-given-green-light-for-merger
