Paladin Energy (ASX:PDN) received final clearance from Canada's Minister of Innovation, Science and Industry for the acquisition of Fission Uranium, clearing the last regulatory hurdle to complete the transaction, according to a Thursday filing with the Australian bourse.
The deal remains subject to customary closing conditions and is expected to close by early January 2025. Upon closing, Fission shareholders will receive 0.1076 Paladin shares for each Fission share held.
Paladin's shares are expected to be listed on the Toronto Stock Exchange and Fission's shares will be delisted from the TSX, the OTCQX, and the Frankfurt Stock Exchange, as per the filing.
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