Uranium Resources (URRE) Gets Shareholder Approval for Neutron Energy Acquisition
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Uranium Resources, Inc. (NASDAQ: URRE) announced that, at a special meeting of URI stockholders held on August 29, 2012, stockholders approved the issuance of 37,000,000 shares of URI common stock in connection with URI’s agreement to acquire 100% of the equity of Neutron Energy, Inc. in a stock-for-stock transaction pursuant to the Agreement and Plan of Merger, dated March 1, 2012, by and among URI, Neutron and URI Merger Corporation and the merger contemplated by the Merger Agreement.
95.9% of the votes cast at the meeting were “FOR” the share issuance. Approval of the Merger Agreement and the Merger by Neutron stockholders was received at Neutron’s special meeting held on August 23, 2012.
The acquisition is expected to close on or about August 31, 2012.
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95.9% of the votes cast at the meeting were “FOR” the share issuance. Approval of the Merger Agreement and the Merger by Neutron stockholders was received at Neutron’s special meeting held on August 23, 2012.
The acquisition is expected to close on or about August 31, 2012.
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