Share consolidation - still not decided
From the news release:
"On August 13, 2013, the shareholders of Energy Fuels approved the acquisition of Strathmore and a share consolidation as described in Energy Fuels' management information circular dated July 15, 2013, with approval levels being in excess of 99% and 98% respectively.
"The share consolidation has not been implemented by the Company's Board of Directors. However, it remains an important, required component of Energy Fuels' strategy of listing on a recognized US stock exchange, which we believe will benefit the Company's shareholders by improving access to institutional and retail investors and increasing the trading liquidity of Energy Fuels' common shares in terms of value traded.
"Notwithstanding the fact that Energy Fuels' common shares have been among the top-performing uranium stocks during the past four months, with the Company's common shares recently trading at and around a 52 week high, the Company continues to evaluate and refine its corporate branding and capital markets strategies in order to further enhance value for its shareholders.
"To this end, the Company is considering a number of initiatives aimed at strengthening the Company's corporate brand and capital markets profile, including a modification to the share consolidation ratio and other potential changes, which the Company currently expects to place before the shareholders for approval at a special meeting of shareholders to be held in late October, 2013. Details of such initiatives will be provided in the coming weeks."
Link to full release: https://www.marketwire.com/press-release/energy-fuels-strathmore-announce-completion-acquisition-strathmore-conference-call-update-tsx-efr-1826519.htm