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     137  0 Kommentare Latitude Uranium Announces Filing and Mailing of the Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Arrangement with ATHA Energy

    • Your vote is important no matter how many votes you hold.

    • The Board of Directors of LUR unanimously recommends that Shareholders vote IN FAVOUR of the Arrangement Resolution.

    • Shareholders who have questions or need assistance with voting their shares should contact LUR’s proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com.

    TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased announce its notice of special meeting of shareholders (the “Meeting”) and management information circular (the “Circular”) are now available on LUR’s website at https://latitudeuranium.com/investors/special-meeting/ as well as under LUR’s profile on SEDAR+ (http://www.sedarplus.ca). LUR has commenced the mailing of the Circular and related materials for the special meeting of LUR’s shareholders (“LUR Shareholders”) on Tuesday, January 30th, 2024.

    The Arrangement and Meeting Details

    On December 7, 2023, LUR entered into a definitive arrangement agreement (the “Arrangement Agreement”) with ATHA Energy Corp. (CSE: SASK) (OTCQB: SASKF) (FRA: X5U) (“ATHA”) pursuant to which ATHA will acquire all of the issued and outstanding common shares of Latitude Uranium (the “LUR Shares”) by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”).

    At the Meeting, LUR Shareholders will be asked to consider a resolution (the “Arrangement Resolution”) regarding the Arrangement pursuant to which all of the issued and outstanding LUR Shares will be acquired by ATHA in exchange for 0.2769 of a common share of ATHA (each whole share, an “ATHA Share”) for each LUR Share held (the “Exchange Ratio”). The Exchange Ratio is based upon ATHA’s reference price of C$1.00, and an implied consideration per LUR Share of C$0.28, which represents a 68% premium to LUR’s closing price on December 6, 2023, the last trading day prior to the announcement of the Arrangement.

    Upon completion of the Arrangement, former LUR Shareholders and former ATHA shareholders (including holders of ATHA subscription receipts) are expected to own approximately 30.98% and 69.02% (inclusive of approximately 1.94% to be held by current holders of ATHA subscription receipts), respectively, of the combined company (the “Combined Company”) immediately following completion of the Arrangement, based on the number of LUR Shares and ATHA Shares issued and outstanding as of January 25, 2024, after giving effect to ATHA’s concurrent financing (which assumes the issuance of an aggregate of 4,000,000 ATHA Shares upon the conversion of an equivalent number of ATHA subscription receipts) and before giving effect to the 92E Scheme (as defined herein).

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    Latitude Uranium Announces Filing and Mailing of the Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Arrangement with ATHA Energy • Your vote is important no matter how many votes you hold. • The Board of Directors of LUR unanimously recommends that Shareholders vote IN FAVOUR of the Arrangement Resolution. • Shareholders who have questions or need assistance with voting …