Latitude shareholders approve Atha transaction

28th February 2024 By: Creamer Media Reporter

The shareholders of Canadian junior Latitude Uranium have overwhelmingly approved the previously announced arrangement with Atha Energy.

About 99.62% of the votes eligible to be cast at a special meeting held on Tuesday were in favour of the arrangement resolution.

Latitude expects a final order from the Ontario Superior Court of Justice later this week. The Latitude transaction will close in early March.

The arrangement forms part of a three-way merger between Latitude, 92 Energy and Atha, which will see the companies combine to create a Canadian uranium explorer with multi-project exposure across three top uranium jurisdictions.