UEX Corp T.UEX

RE:RE:RE:RE:RE:RE:Nov 8/2017: UEX/CoEX: 9.94% Co and 2.97% Ni over 0.2 metres-

[norontrules1234]

NewCoreFish wrote: Stockrook86- sweetener? Really? You forgot to mention this part itation covenants, with "fiduciary out" provisions that allow UEX to consider and accept a superior proposal, subject to a "right to match period" in favour of UEC. The Agreement also provides for a termination fee ofUS$8.25 millionto be paid by UEX to UEC if the Agreement is terminated in certain specified circumstances. In addition, under the Agreement UEC has agreed to provide UEX withC$5 millionfunding by way of a private placement of UEX Shares at a price ofC$0.43per UEX Share (the "Private Placement"). Closing of the Private Placement is subject to the approval of the TSX........if this deal falls apart UEX owes UEC $8.25 Million

 

correction, UEX pays $8.25M only if they terminate the deal and accept another one.

in other words, if another offer is to come, investors can expect it to represent enough to cover the 8.25M termination fee plus incentive. It's a good time to be holding this stock imco.