During Friday’s current trade, Uranerz Energy Corp. (NYSEMKT:URZ)’s shares decline -4.55% to $1.05.
Energy Fuels Inc. and Uranerz Energy Corporation (URZ) declared that Energy Fuels’ acquisition of Uranerz (the “Transaction”) has closed. Further to the press release issued by the Company earlier recently, the U.S. Nuclear Regulatory Commission (“NRC”) has offered their required consent to the Transaction, allowing the completion of the Transaction to occur recently.
Following the Transaction, each Uranerz shareholder received 0.255 Energy Fuels common shares for each share of Uranerz common stock held. In addition, all outstanding options and warrants to acquire Uranerz shares of common stock now entitle the holder thereof to acquire 0.255 common shares of Energy Fuels on exercise thereof at an exercise price equal to the exercise price of such option or warrant divided by 0.255.
Effective at the closing of the Transaction, and as contemplated by the Agreement and Plan of Merger governing the Transaction, two members of the Energy Fuels Board of Directors, Mr. Larry Goldberg and Mr. Richard Patricio resigned from the Board of Directors, and Mr. Dennis Higgs, the former Executive Chairman and a Director of Uranerz, and Mr. Glenn Catchpole, the former Chief Executive Officer and a Director of Uranerz, were designated as directors of Energy Fuels to fill the vacancies created by those resignations.
Uranerz Energy Corporation engages in the acquisition, exploration, and extraction of uranium and mineral resources in the United States. It focuses on exploring and extracting from its projects in the Powder River Basin area of Wyoming. The company’s Powder River Basin properties comprise 100% interest in properties covering 19,801 acres; and 81% interest in Arkose Mining Venture properties covering 52,818 acres.
Vantiv Inc (NYSE:VNTV)‘s shares gain 0.38% to $40.13, during the current trading session Friday’s, hitting its highest level.
Vantiv, Inc. (VNTV), a leading provider of payment processing services and related technology solutions for financial institutions and merchants of all sizes, declared recently the company`s latest payments reporting solution, Vantiv iQ, is now accessible for both merchant and financial institution customers.
Vantiv iQ is a comprehensive solution that provides users actionable insights for running businesses more efficiently. Users can view all their transaction data broken down by card type, gift transactions, chargebacks and more. Vantiv iQ delivers a customizable control interface to enable convenient and secure access to payment processing data. As an enterprise-class reporting tool, it is designed for businesses and financial institutions of all sizes to assist streamline workflows, handle large data sets and deliver reports that they need. Vantiv iQ is a complete solution for online self-service reporting.
Vantiv, Inc., through its partner, Vantiv Holding, LLC. provides payment processing services in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange administration to merchants, and regional and small-to-mid sized businesses.
In a mid-morning trade, Webster Financial Corporation (NYSE:WBS)‘s shares plunge -0.28% to $39.18.
Webster Financial Corporation (WBS) the holding company for Webster Bank, declared the release of its company-run 2015 capital stress test results as required by the Dodd-Frank Act. The stress test disclosure comprises results for both Webster Financial Corporation and Webster Bank, and can be found on Webster’s Investor Relations website under the heading “Presentations”
Information contained herein, counting Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Exchange Act of 1934, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.
Webster Financial Corporation operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, Community Banking, and Other.
Exeter Resource Corp (NYSEMKT:XRA), during its Friday’s current trading session 2.00% gain and closed at $0.510.
Exeter Resource Corp (XRA) declared the completion of the expanded water exploration drilling program for its Caspiche gold-copper project in northern Chile. The Company successfully drilled one additional, large diameter water bore hole (LV07) at its Penas Blancas1 water concession prior to the onset of winter conditions.
LV07 returned water flow rates of over 100 litres per second (“L/s”), with rapid recharge rates, again demonstrating the significance of the Penas Blancas aquifer. The aggregate flow rate from the six large diameter exploration wells accomplished is now over 400 L/s, considerably above Exeter’s original target of +200 L/s. The ultimate, cumulative flow rate potential of the aquifer remains open.
The water exploration program was expanded to better define the extent of the aquifer and determine potential flow rates that are integral to an application for water rights. Due to an extreme weather event in late Q1, which caused heavy damage to local infrastructure in northern Chile, only one hole (LV07) of a planned two- hole program was accomplished before the onset of the Chilean winter.
Drilling results suggest Penas Blancas is part of a formerly undiscovered, extensive, subterranean aquifer. It is located centrally within a high-altitude basin, where there are no other existing underground water rights. The extensive winter snowfall in the area is believed to be the source of recharge. The Company believes the aquifer could support any of the three identified low capex, development options for the Caspiche project as outlined in the Amended NI 43-101 Technical Report on the Caspiche Project (“2014 PEA”)2. Importantly, the aquifer could also provide an appropriate long term water resource for other potential users in this arid, largely unpopulated region of Chile.
Exeter Resource Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Chile. The company explores for gold and copper deposits. It principally holds interest in the Caspiche property located in the Atacama region of northern Chile.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
