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(Reuters) -Australian miner Paladin Energy said on Monday it had entered into an agreement to buy Canada's Fission Uranium Corp for an implied equity value of C$1.14 billion ($833.03 million).
The deal comes at a time when prices for uranium, used to fuel most of the world's nuclear reactors supplying 16% of the global energy, has increased significantly last year due to rising demand and limited supply.
Under the offer, Fission shareholders will receive 0.1076 shares of Paladin for every Fiss...
>>> Read more: Australia's Paladin Energy to buy Canada's Fission Uranium for $833 million
The deal comes at a time when prices for uranium, used to fuel most of the world's nuclear reactors supplying 16% of the global energy, has increased significantly last year due to rising demand and limited supply.
Under the offer, Fission shareholders will receive 0.1076 shares of Paladin for every Fiss...
>>> Read more: Australia's Paladin Energy to buy Canada's Fission Uranium for $833 million
