Murchison United Nl Share Discussion Threads

[gerri-c] 18/10/2006 08:04

From today's RNS:-

"....In accordance with the requirements of section 708A(5)(e) of the Corporations
Act 2001 ( "Act") under which this notice is given, the Company confirms that:

1. the Company issued the 25,000,000 shares without disclosure to
investors under Part 6D.2 of the Act;...."

It may be compliant with regulations but what does it say about how existing shareholders are viewed?

[dadob1] 29/9/2006 07:29

Surely good news with copper at such a high price.

Any views out there as this novice is unsure

[princey0] 20/9/2006 12:12

just keeping people informed on the Uranium Sector!!

[dadob1] 19/9/2006 19:25

and your point is????????????

[princey0] 19/9/2006 10:02

Denison Mines and International Uranium to merge, creating company worth $1B




VANCOUVER (CP) - Denison Mines Inc. (TSX:DEN) and International Uranium Corp. (TSX:IUC) plan to merge in a share-swap deal to create a mid-tier uranium producer with a market capitalization of roughly $1 billion, the companies said late Monday.

The new company will be stronger due to its diversified production, including Denison's projects in Saskatchewan and International Uranium's assets in the United States, said International Uranium's president and CEO Ron Hochstein.

"We'll fill a niche for the investors in terms of a new intermediate producer," Hochstein said in an interview.

Under the deal announced after the close of markets, Denison shareholders will exchange each of their shares for 2.88 International Uranium shares. International Uranium shareholders will continue to hold their existing common shares.

The deal values Denison at about $518 million and its shares at $17.02 based on share prices Monday, a slight premium to the company's closing price of $16.75. IUC has a market capitalization of about $523 million.

Hochstein, who will be president and chief operating officer of the combined company, said his focus will be on integrating the two company's operations and growing the company.

"We see some management compliance cost savings, but really what's kind of very exciting about this is both management groups were running so lean that both groups are very complementary," he said.

"We bring the U.S. operating experience and U.S. assets. Denison brings the interest in operations in some of the richest deposits in the world."

Denison Mines has a 22.5 per cent interest in McClean Lake in northern Saskatchewan and a 25.17 per cent interest in the Midwest uranium project, while International Uranium's holdings include uranium and vanadium deposits in the U.S. as well as the White Mesa mill in Utah.

Denison chief executive Peter Farmer said the combined financial strength of the new company will help it grow.

As of June 30, the combined company would have had cash and short-term investments of $127 million and no long-term debt.

"While focusing on developing additional production at our licensed McClean Lake and White Mesa mills, we will also combine our excellent global exploration prospects," Farmer said in a statement.

"This transaction will significantly increase our production in the short term while adding potential long-life assets."

Existing IUC and Denison shareholders will each own approximately 50 per cent of the new company, which will have about 176 million common shares outstanding after the merger.

The combined company will be named Denison Mines Ltd. and keep its primary listing on the Toronto Stock Exchange.

Farmer will be chief executive of the combined company, while International Uranium chairman Lukas Lundin will be chairman of the combined company. Both Denison and International Uranium will be equally represented on the board.

The transaction requires the approval of two-thirds of Denison's shareholders and option-holders and a majority of the IUC shareholders. It is also subject to other customary conditions and regulatory approvals.

The deal includes a break fee of $16 million payable under certain circumstances.

The directors and senior executives of each company have entered into agreements to vote their shares in support of the deal. Lundin family interests, holding 19.9 per cent of International Uranium, have also pledged their support.

Each company is expected hold a special shareholder meeting in November to vote on the transaction. The deal is expected to close by the middle of December.

[dadob1] 12/9/2006 10:13

Gone down over 20% down under.

Still a further drop to come

[bluemerle] 08/9/2006 09:19

No, silent as the grave.

[dadob1] 08/9/2006 07:44

Anybody found or heard anything

[dadob1] 07/7/2006 20:07

Some buys today. Hopefully some action soon

[share_shark] 19/5/2006 06:32

Thanks.Tibra

[tibrahim] 18/5/2006 23:52

Yes was in first thing on Thursday no problem, & a good presentation too

[dadob1] 18/5/2006 16:36

has anybody tried the website?? won't let me in.

[share_shark] 15/5/2006 20:09

Leader board today?

[share_shark] 15/5/2006 20:09

Leader board today?

[dadob1] 12/5/2006 12:00

Do you live in switzerland feroza??

Nice to see the rise again. Can we sustain it with little news flow??

[feroza] 12/5/2006 08:39

trading at 4.7p in oz, will rise today, slowly but surely to get to around there

[feroza] 12/5/2006 08:39

trading at 4.7p in oz, will rise today, slowly but surely to get to around there

[karloss] 11/5/2006 18:03

could this be another Griffin GFN.

[karloss] 11/5/2006 18:02

On no News as well?

[jda] 11/5/2006 11:41

In my opinion, this share could jump quickly. It seems to be edging up nicely and almost unnoticed.

[dadob1] 03/5/2006 11:11

nice to see jp morgan have confidence in the company.

We may start seeing some action?

[jda] 02/5/2006 18:17

some good volume today, and above price!!!

[jda] 02/5/2006 18:17

some good volume today, and above price!!!

[dadob1] 05/4/2006 10:12

This shell company needs some action