On September 27, 2023, Consolidated Uranium Inc. entered into a definitive arrangement agreement with IsoEnergy Ltd. for a share-for-share merger pursuant to which IsoEnergy will acquire all the issued and outstanding common shares of Consolidated Uranium by way of a court-approved plan of arrangement. Under the terms of the merger, Consolidated Uranium shareholders will receive 0.5 of a common share of IsoEnergy for each Consolidated Uranium share held. Upon completion of the merger, existing Consolidated Uranium and IsoEnergy shareholders will own approximately 29.5% and 70.5% and of the combined company, respectively. The implied fully diluted in the-money equity value of the combined company is estimated at approximately $903.5 million.
Cassels acted for Consolidated Uranium.