U3O8 Corp. (TSX: T.UWE, Stock Forum) Monday reported that it has signed a definitive agreement to acquire all of the shares of Calypso Uranium (TSX: V.CLP, Stock Forum), this according to a company news release.
Calypso shareholders will receive 0.40 of one common share of U3O8 Corp. for every one Calypso share held.
U3O8 Corp said the acquisition will expand its strategic land position around the state-owned Cerro Solo and Sierra Pintada uranium deposits in Argentina and adds about $3.3 million in cash to its treasury.