Macusani Yellowcake Inc. (YEL.V) and Southern Andes Energy Inc. (SUR.V) announced that the merger of the two companies has now been completed.
Under the terms of the merger, Macusani has acquired all of the outstanding common shares of Southern Andes with shareholders of Southern Andes entitled to receive 0.8 of a common share of Macusani for each common share of Southern Andes held.
In connection with the merger, Macusani has issued 59.27 million common shares and has reserved a further 28.72 million common shares for issue on the exercise of former Southern Andes options and warrants.
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