Western Uranium & Vanadium Adopts Shareholder Rights Plan
Western Uranium & Vanadium Adopts Shareholder Rights Plan
Toronto, Ontario and Nucla, Colorado , May 26, 2023 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) ("Western" or "Company") is pleased to announce that its Board of Directors has adopted a shareholder rights plan agreement (the "Plan"). While the Plan is effective immediately, its continuance is subject to Western obtaining shareholder approval at our annual general and special meeting (the "AGM") to be held on June 29, 2023.
安大略省多倫多和科羅拉多州努克拉,2023年5月26日(GLOBE NEWSWIRE)——西方鈾釩公司(CSE: WUC)(OTCQX: WSTRF)(“Western” 或 “公司”)欣然宣佈,其董事會已通過股東權益計劃協議(“計劃”)。儘管該計劃立即生效,但其延續取決於西方在將於2023年6月29日舉行的年度股東大會和特別大會(“股東周年大會”)上獲得股東的批准。
The Plan was adopted to help ensure, to the extent possible, the fair treatment of shareholders in the event of any take-over bid, other acquisition of control, and/or "creeping" take-over bid for the Company without payment to all shareholders of an adequate control premium. A creeping takeover bid occurs where acquisition of a significant interest in the Company takes place through a number of share purchases over time. The Plan is very similar to rights plans adopted by other Canadian issuers, and it was not adopted in response to any specific proposal to acquire control of the Company. Western is not aware of any such proposal.
該計劃的通過旨在儘可能確保在不向所有股東支付足夠的控制權溢價的情況下對公司進行任何收購、以其他方式收購控制權和/或 “悄悄收購” 競標時,股東的公平待遇。隨着時間的推移,通過多次股票收購來收購公司的大量權益,就會出現逐漸蔓延的收購要約。該計劃與其他加拿大發行人通過的供股計劃非常相似,其通過並不是爲了回應任何收購公司控制權的具體提議。西方人不知道有任何這樣的提議。
The Plan has an initial term of three years provided it is ratified by shareholders of the Company at the AGM. It is contained in a shareholder rights plan agreement with Capital Transfer Agency ULC as rights agent that is attached to the management information circular (the "Circular") prepared for the AGM. The Board of Western recommends the ratification of the Plan by Western shareholders at the AGM.
該計劃的初始期限爲三年,前提是該計劃在股東周年大會上獲得公司股東的批准。它包含在與資本轉移機構ULC作爲權利代理人簽訂的股東權利計劃協議中,該協議附在爲股東周年大會準備的管理信息通報(“通告”)中。西方董事會建議西方股東在股東周年大會上批准該計劃。
Under the Plan, rights (the "Rights") have been issued to holders of Western common shares at a rate of one Right for each common share, and one Right will be issued and attached to each subsequently issued common share of the Company. The issuance of the Rights will not change the manner in which shareholders trade their common shares and the Rights will automatically attach to the common shares with no further action by shareholders being required. The Rights issued under the Plan are exercisable only if an acquirer (together with certain related parties) becomes beneficial owner of 20% or more of the common shares of the Company without complying with the permitted bid provisions of the Plan. If the Plan is not approved by shareholders at the AGM, the Plan and all Rights issued thereunder will then terminate.
根據該計劃,已向西方普通股持有人發行了權利(“權利”),其費率爲每股普通股獲得一股權利,並將向公司隨後發行的每股普通股發行和附屬於一項權利。權利的發行不會改變股東交易普通股的方式,權利將自動附屬於普通股,無需股東採取進一步行動。只有在收購方(連同某些關聯方)在不遵守本計劃允許的出價條款的情況下成爲公司20%或以上普通股的受益所有者時,根據本計劃發行的權利才能行使。如果本計劃未在股東周年大會上獲得股東的批准,則該計劃及其發行的所有權利將隨後終止。
The brief description of the Plan in this press release is qualified in its entirety by the full text of the Plan, which will be filed under Western's profile on SEDAR and on the SEC's EDGAR system. Further details regarding the Plan will be included in the Circular, which is being disseminated to shareholders on or about May 30, 2023.
本新聞稿中對該計劃的簡要描述完全受該計劃全文的限制,該計劃將在Western在SEDAR和SEC的EDGAR系統上的簡介下提交。有關該計劃的更多細節將包含在通告中,該通告將於2023年5月30日左右分發給股東。
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado-based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States, and development and application of kinetic separation.
A關於西方鈾釩公司
Western Uranium & Vanadium Corp. 是一家總部位於科羅拉多州的鈾和釩常規採礦公司,專注於美國西部鈾和釩的低成本短期生產,以及動力學分離的開發和應用。
Cautionary Note Regarding Forward-Looking Information: Certain information contained in this news release constitutes "forward-looking information" or a "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Statements of that nature include statements relating to, or that are dependent upon: the Company's expectations, estimates, assumptions and projections regarding exploration and production plans and results; the timing of planned activities; whether the Company can raise any additional funds required to implement its plans; whether regulatory or analogous requirements can be satisfied to permit planned activities; and more generally to the Company's business, and the economic and political environment applicable to its operations, assets and plans. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond the Company's ability to control or predict. Please refer to the Company's most recent Management's Discussion and Analysis, as well as its other filings at www.sec.gov and/or , for a more detailed review of those risk factors. Readers are cautioned not to place undue reliance on the Company's forward-looking statements, and that these statements are made as of the date hereof. While the Company may do so, it does not undertake any obligation to update these forward-looking statements at any particular time, except as and to the extent required under applicable laws and regulations.
關於前瞻性信息的警示說明: 本新聞稿中包含的某些信息構成適用證券法所指的 “前瞻性信息” 或 “前瞻性陳述”(統稱爲 “前瞻性陳述”)。此類性質的陳述包括與以下內容有關或依賴的陳述:公司對勘探和生產計劃及結果的預期、估計、假設和預測;計劃活動的時間;公司能否籌集實施計劃所需的額外資金;能否滿足監管或類似要求以允許計劃活動;更籠統地說,與公司業務以及適用於其運營、資產和計劃的經濟和政治環境有關的陳述。所有這些前瞻性陳述都受重要的風險因素和不確定性的影響,其中許多因素和不確定性超出了公司的控制或預測能力。請參閱公司最新的管理層討論與分析,以及其他文件 www.sec.gov 和/或 ,以便更詳細地審查這些風險因素。提醒讀者不要過分依賴公司的前瞻性陳述,這些陳述自本文發佈之日起作出。儘管公司可以這樣做,但它不承擔任何義務在任何特定時間更新這些前瞻性陳述,除非適用的法律和法規要求這樣做。
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
如需更多信息,請聯繫:
George Glasier | Robert Klein |
President and CEO | Chief Financial Officer |
970-864-2125 | 908-872-7686 |
gglasier@western-uranium.com | rklein@western-uranium.com |
喬治·格拉西耶 | 羅伯特·克萊 |
總裁兼首席執行官 | 首席財務官 |
970-864-2125 | 908-872-7686 |
gglasier@western-uranium.com | rklein@western-uranium.com |
譯文內容由第三人軟體翻譯。