representative work

Consolidated Uranium Completes Spin-Out of Premier American Uranium


On November 27, 2023, Consolidated Uranium Inc. completed the spin-out of Premier American Uranium Inc. through a plan of arrangement under the Business Corporations Act (Ontario). Pursuant to the spin-out, Consolidated Uranium transferred ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy leases and certain patented claims located in Colorado to Premier American Uranium in exchange for 7,753,752 common shares of Premier American Uranium.

As part of the arrangement, Consolidated Uranium distributed 3,876,786 of the Premier American Uranium shares on a pro rata basis, such that Consolidated Uranium shareholders received 0.0373761 of a Premier American Uranium share for each Consolidated Uranium share held on November 27, 2023.

The common shares of Premier American Uranium began trading on the TSX Venture Exchange on December 1, 2023 under the symbol “PUR”.

Cassels acted for Consolidated Uranium in connection with the spin-out and for Premier American Uranium in connection with the listing.

RELATED EXPERTISE: Securities | Mergers & Acquisitions | Mining | Tax & Trusts