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by Mike Caswell

Uranium Energy Corp., a significant warrantholder of Anfield Energy Inc., has gone to the Supreme Court of British Columbia to oppose a takeover of Anfield, claiming that management failed to disclose important details of the deal. Among other things, shareholders were not informed of performance bonuses tied to completion of the arrangement, Uranium Energy claims. Those receiving the bonuses included "independent" members of a special committee that considered the takeover, according to Uranium Energy.

The allegations are contained in an application that Uranium Energy filed at the Vancouver courthouse on Monday, Nov. 25. The case arises from a takeover of Anfield Energy that will see the company acquired by IsoEnergy Ltd., a Toronto Stock Exchange listing. Shareholders will receive 0.031 share of IsoEnergy, valuing their stock at 10.3 cents per share. The deal still requires shareholder approval, with the vote scheduled for a meeting on Dec. 3, 2024.

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