RE:FYI, Kepco and PLSAre you serious?? This could destroy the value of PLS under Denison if it applies to that asset! If KEPCO has a ROFR on PLS, then it is concievable that third party company's would never go after that asset.
This could be the biggest reason to VOTE NO!
Jernhodet wrote: I don't recall anyone bringing this up before. If the merger goes through, I don't see any reason why this couldn't apply to PLS down the road. I haven't had a chance to read the full text of the circular but I suspect this arrangement will still be in place.
From Denison's Annual Information Form, (page 105)
"The KEPCO SRA also provides that if Denison intends to sell an interest in certain of its substantial assets, it will first notify KEPCO of each such proposed sale and provide KEPCO with a 30-day right of first offer to allow KEPCO to purchase the interest in the asset that Denison proposes to sell. The KEPCO SRA provides that Denison will allow KEPCO to participate in potential purchases of certain assets, including a mill facility, a producing mine or a mineral resource for which a production feasibility study has been completed"