Uranium Mine Partner Announces Merger Plans
Tuesday, September 19, 2006 at 13:59
A Canadian company that owns a stake in a couple of northern Saskatchewan uranium operations is merging with an American firm.
Denison Mines is joining forces with International Uranium to form a company that will have combined assets of worth more than $1 billion.
Denison has a 22.5 per cent interest in the McClean Lake uranium mine and a 25.17 per cent stake in the Midwest project.
The new company will go by the name Denison Mines.
Shareholders will vote on the proposed merger in November. The deal is expected to be finalized by mid-December.
(with files from the Canadian Press)