Emerging Markets Report: Save the Date
On February 15, 2022, Consolidated Uranium (CURUF) announced that shareholders approved the spin-out of Labrador Uranium Inc. (LUR), allowing CUR shareholders to receive 16 million LUR shares based on ownership as of February 22, 2022. The spin-out focuses on uranium project consolidation, particularly the Moran Lake Project in Labrador, Canada. This initiative aims to enhance CUR's position in the uranium market, which has been favorable recently, with uranium prices reaching a six-year high.
- Shareholders will receive 16 million common shares of Labrador Uranium, promoting direct shareholder value.
- Labrador Uranium focuses on uranium project consolidation, potentially enhancing CUR's operational focus.
- Recent trends indicate rising uranium prices, benefiting CUR's overall market positioning.
- None.
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Time-sensitive news to follow in today’s edition of The Emerging Markets Report. Featured company Consolidated Uranium Inc. ("CUR") (TSXV: CUR) (OTCQB: CURUF), a well-financed international Uranium company with a strategy of consolidating and advancing uranium projects around the globe, has a token of their appreciation for shareholders of record on February 22, 2022.
Earlier in February, the Company’s shareholders overwhelmingly approved the previously announced proposed spin-out of Labrador Uranium Inc. through a plan of arrangement under the Business Corporations Act (Ontario). LUR is currently a majority-controlled subsidiary of CUR focused on the consolidation, exploration and development of uranium projects in Labrador. CUR intends to transfer ownership of the Moran Lake Project to LUR in exchange for 16,000,000 common shares of LUR (“LUR Common Shares”), which LUR Common Shares will be distributed to CUR shareholders on a pro-rata basis pursuant to the provisions of the plan of arrangement.
By simply being a shareholder of Consolidated Uranium February 22, shareholders will receive their own pro-rata portion of the shares.
The Labrador Uranium project is compelling. We took a look at the info on the project on Consolidated’s website and would advise you to as well as it may not be there after the spin-out.
Here’s the link: https://consolidateduranium.com/projects/canada/moran-lake/
From the site:
“The Moran Lake project is located in Labrador, Canada within a bona-fide uranium camp in the Central Mineral Belt. The Central Mineral Belt is host to several other uranium deposits including Paladin Energy's advanced Michelin project. The “C” zone was the subject of significant exploration activity between 2006 and 2013. In March 2011 a previous operator published a combined uranium and vanadium 43-101 compliant resource estimate.”
It is worth noting that the last year has been very, very good for Uranium prices as the following article explains.
Why spot uranium prices have climbed to a 6-year high
About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.
For more informative reports such as this, please sign up at https://emergingmarketsconsulting.com/
Must Read OTC Markets/SEC policy on stock promotion and investor protection
- https://www.otcmarkets.com/learn/policy-on-stock-promotion
- https://www.otcmarkets.com/learn/investor-protection
- https://www.sec.gov/news/press-release/2017-79
- https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html
Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.
EMC has been paid
Emerging Markets Consulting, LLC
Florida Office
390 North Orange Ave STE 2300
Orlando, FL 32801
E-mail: jamespainter@emergingmarketsllc.com
Web: https://emergingmarketsconsulting.com/
FAQ
What is the February 22, 2022 event related to CURUF?
What is the focus of Labrador Uranium Inc. after the spin-out from CURUF?
How did uranium prices perform recently affecting CURUF?
What project is associated with the spin-out of Labrador Uranium from CURUF?
