August 22, 2022 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) and UEX Corporation (TSX: UEX, “UEX”) announced the closing of the previously announced plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act, pursuant to which UEC acquired all of the issued and outstanding common shares of UEX that it did not already own.
The Arrangement was approved at a special meeting of UEX security holders held on August 15, 2022, and was subsequently approved by the Supreme Court of British Columbia on August 18, 2022. All of the issued and outstanding shares of UEX Corp. were delisted from the Toronto Stock Exchange at the close on August 24, 2022.
Full details of the Arrangement are set out in the arrangement agreement and subsequent amendments thereto, copies of which are filed by UEC and UEX under their respective profiles on SEDAR at www.sedar.com. and under UEC’s profile on EDGAR at www.sec.gov. In addition, further information regarding the Arrangement is contained in a management information circular dated July 8, 2022 prepared in connection with the meeting of UEX securityholders, a copy of which is filed on UEX’s profile on www.sedar.com.
For additional information, please visit www.UraniumEnergy.com and contact us at:
Uranium Energy Corp.
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Fax: (361) 888-5041