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Uranium Resources to Merge with Australia's Anatolia Energy
Thursday 04 June 2015

4 June 2015 - US-based mining company Uranium Resources Inc. (NASDAQ: URRE) and Australian mining company Anatolia Energy Ltd. (Anatolia) (ASX: AEK) have reached an agreement to combine the two companies to create a larger, diversified uranium development and exploration business, with the aim of becoming a low-cost uranium producer in the near term from the Temrezli Project in central Turkey, the companies said.

Upon completion of the merger, the expanded Uranium Resources will have potential for near term uranium production from the high-grade Temrezli Project in central Turkey and two 800,000 lb pa ISR uranium processing plants and associated infrastructure in South Texas;

It will have combined cash of more than USD 10.5m (AUD 13.5m), excluding restricted cash of USD 3.9m, and a US Nuclear Regulatory Commission licence to produce up to 3m lb pa U308 on certain properties in New Mexico.

Eligible Anatolia shareholders will be offered 0.06579 Uranium Resources shares for every one Anatolia share they own (Exchange Ratio).

The exchange ratio represents an offer price of AUD 0.1154 per Anatolia share.

Uranium Resources said it will seek to establish an Australian Securities Exchange listing of Uranium Resources shares through ASX listed CHESS Depositary Interests, such that:

Uranium Resources is being advised by Cantor Fitzgerald and Co. as financial adviser, Hogan Lovells US LLP as the US legal adviser, Minter Ellison as Australian legal adviser and the Bener Law Office as Turkish legal adviser.

Roth Capital Partners, LLC has provided an opinion to the Uranium Resources' board of directors that the exchange ratio is fair, from a financial point of view, to the Uranium Resources shareholders.

Anatolia is being advised by Hartleys Ltd. as corporate adviser and Steinepreis Paganin as Australian legal adviser.
Date Published: 04/06/2015
Target: Anatolia Energy Ltd
Country: USA
Deal Size: 10.5m (USD)
Sector: Metals/Mining
Type: Merger
Financing: Stock
Status: Agreed
Buyer: Uranium Resources Inc
Buyer Advisor: Roth Capital Partners, LLC , Cantor Fitzgerald and Co , Hogan Lovells US LLP