Paladin Energy buying Fission Uranium in stock deal valued at $1.1 billion

Fission Uranium Corp. logo is shown in a handout. The company has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an agreement valued at about $1.1 billion. THE CANADIAN PRESS/HO

KELOWNA, B.C. - Fission Uranium Corp. has signed a deal to be acquired by Australian company Paladin Energy Ltd. in an all-stock agreement valued at about $1.1 billion.

Under the proposal, Fission shareholders will receive 0.1076 shares of Paladin for each Fission share held. The offer implies a value of $1.30 per Fission share.

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