In its annual report, the Australian uranium miner said it’s delaying a planned meeting on the proposed acquisition to Sept. 9. The company said a majority of votes received so far are in favour of the deal, but that “half of eligible shareholders have yet to submit their proxies.” (The Logic)
Talking point: In June, Paladin announced it had agreed to purchase Fission, a Kelowna, B.C.-based uranium miner with a flagship project located in Saskatchewan. The deal, which would have secured Paladin’s efforts to become a leading global uranium producer, was contingent on at least two-thirds of shareholders supporting the deal by Aug. 26. “The postponement of the meeting is intended to provide additional time for all security-holders to have the opportunity to make their voices heard,” the company said in its update.