Uranium Energy Corporation, a uranium mining company in the US, had entered into an agreement to acquire 100% ownership interest in the South Texas Mining Venture, L.L.P. (STMV), a Texas-based uranium mining company. STMV is currently owned by Everest Exploration Co. and URN Resources Inc with 1% and 99% stake respectively. Uranium Energy Corporation will acquire 99% interest from URN Resources Inc, a subsidiary of Uranium One Inc., by issuing 2.5 million shares of its common stock and acquire the remaining interest by acquiring all of the assets of Everest Exploration in this transaction. Uranium Energy Corporation will issue 0.2 million shares of its common stock and will pay $1 million in cash to acquire 1% asset from Everest. The total transaction towards the acquisition is valued at $11.07 million.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
http://www.researchviews.com/
Access the latest Uranium analysis for free at http://www.researchviews.com
About ResearchViews.com
ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts.
All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers.
