The Toronto Stock Exchange reports that Fission Uranium Corp. will be delisted at the close on Dec. 24, 2024. According to the TSX, Paladin Energy Ltd. has acquired all of the issued and outstanding shares of the company.

Fission shareholders, other than ineligible shareholders (as defined in the management circular dated July 22, 2024), will receive 0.1076 of an ordinary share of Paladin Energy for each Fission Uranium share held. Ineligible shareholders will not receive Paladin Energy shares under the arrangement. Instead, ineligible shareholders will receive the proceeds from the sale of the Paladin Energy shares they would have otherwise received under the arrangement.

The TSX notes that no fractional Paladin Energy shares will be issued. Fractional share entitlements will be rounded down to the nearest whole number. To receive payment, shareholders must return the letter of transmittal together with Fission Uranium share certificates or DRS statements to Computershare Investor Services Inc. at its principal offices in Toronto.

The TSX has issued a separate bulletin regarding the listing of the Paladin Energy shares.