OTCQB:UEXCF - Post by User
Comment by
NewCoreFishon Jun 23, 2022 4:01pm
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Post# 34778379
RE:RE:RE:RE:RE:Nov 8/2017: UEX/CoEX: 9.94% Co and 2.97% Ni over 0.2 metres-
RE:RE:RE:RE:RE:Nov 8/2017: UEX/CoEX: 9.94% Co and 2.97% Ni over 0.2 metres-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