Uranium Power Corp. Shareholders Approve Business Combination With Titan Uranium Inc.
July 23 2009 - 6:18PM
Marketwired
Titan Uranium Inc. (TSX VENTURE: TUE)(FRANKFURT: T4X) ("Titan") and
Uranium Power Corp. (TSX VENTURE: UPC) ("UPC") are pleased to
announce that UPC's shareholders voted in favour of the previously
announced business combination with Titan, pursuant to a plan of
arrangement by which Titan will acquire all of the issued and
outstanding shares of UPC, at a special meeting of UPC's
shareholders held today. Assuming final approval is obtained from
the British Columbia Supreme Court, the business combination is
expected to close on or about July 31, 2009.
Refer to the business combination agreement between Titan and
UPC dated May 8, 2009 and the management information circular of
UPC dated June 23, 2009, each available on SEDAR at www.sedar.com,
for additional information regarding the Plan of Arrangement and
matters related thereto.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this news release constitutes
forward-looking information within the meaning of applicable
securities legislation (collectively, "forward-looking
statements"). All statements in this news release that are not
statements of historical fact (including statements containing the
words "assuming", "expects", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends",
"estimates", "estimates", "projects", "potential", "scheduled",
"forecast", "budget" and similar expressions) should be considered
forward-looking statements. All such forward-looking statements are
subject to important risk factors and uncertainties, many of which
are beyond Titan and UPC's ability to control or predict. A number
of important factors could cause actual results or events to differ
materially from those indicated or implied by such forward-looking
statements.
Titan and UPC assume no obligation to update the information in
this communication, except as otherwise required by law. Additional
information identifying risks and uncertainties is contained in
Titan's and UPC's respective filings with the various provincial
securities commissions which are available online at www.sedar.com.
Forward-looking statements are provided for the purpose of
providing information about the current expectations, beliefs and
plans of the management of each of Titan and UPC relating to the
future. Readers are cautioned that such statements may not be
appropriate for other purposes. Readers are also cautioned not to
place undue reliance on these forward-looking statements, that
speak only as of the date hereof.
This news release and the information contained herein does not
constitute an offer of securities for sale in the United Sates and
securities may not be offered or sold in the United States absent
registration or exemption from registration.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Contacts: Titan Uranium Inc. Brian Reilly (306) 651-2405
ir@titanuranium.com Uranium Power Corp. Rahoul Sharan (604)
921-1810 rahoul@uniserve.com
Uranium Power Cda Com Npv (TSXV:UPC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Uranium Power Cda Com Npv (TSXV:UPC)
Historical Stock Chart
From Jul 2023 to Jul 2024