Alpha Minerals’ (TSXV:AMW,FWB:E2GA) plan of arrangement with Fission Uranium Corp. has been approved by the Court of Queen’s Bench of Alberta.
As quoted in the press release:
On completion of the Arrangement, each Alpha shareholder will hold: (i) 5.725 common shares of Fission; and (ii) one-half of one common share of Alpha Exploration Inc. (an “AEX Share”).
The Arrangement is subject to final approval by the TSX Venture Exchange (the “TSX-V”). Completion of the Arrangement is expected to occur on December 6, 2013. The Alpha shares will commence trading on the TSX-V on an “ex-distribution” basis at the open of market on December 3, 2013, as of which date purchasers of Alpha shares will no longer have an attaching right to receive AEX Shares in accordance with the Arrangement. Upon completion of the Arrangement, all of shares of Alpha shall be owned by Fission, and Alpha shares will be de-listed from trading on the TSX-V.