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Pegasus Resources (OTC: SLTFF) to join Urano in 0.7-share exchange, 13.25% stake
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Urano Energy To Acquire Pegasus Resources In All-Stock Deal
Consolidation is underway in the uranium market, with Urano Energy (CSE: UE) announcing this morning a binding letter agreement for the acquisition of Pegasus Resources (TSXV: PEGA) under an all-stock arrangement. The strategic rationale for the combination is centered on Urano’s I-70 Uranium project in Emery County, Utah. That project will see the additional of Pegasus’ Energy Sands and Jupiter properties, which are contiguous to Urano’s curren…
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