Denison Mines Corp. (DML.TO: Quote, DNN) said Monday that it received 99.07 percent shareholder approval for the plan of arrangement, wherein Energy Fuels Inc. will acquire all of the shares of the subsidiaries holding Denison's U.S. mining assets and operations, as well as all of the inter-company debt between Denison and the US Mining Division.
As per the arrangement, Denison shareholders will receive about 1.106 common shares of Energy Fuels per Denison common share held.
The arrangement is expected to become effective on or about June 29, subject to court approval and other conditions.
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by RTT Staff Writer
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