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Virginia Energy Resources Inc. acquired by Consolidated Uranium

Date Closed

January 24, 2023

Lead Office

Vancouver

Value

32.20 Million USD

On January 24, 2023, Virginia Energy Resources Inc. was acquired by Consolidated Uranium in exchange for among other things the issuance to shareholders of Virginia Energy (other than Consolidated Uranium) of 0.26 of a Consolidated Uranium common share for each Virginia Energy common share.

Virginia Energy is a uranium development and exploration company that was listed on the TSX Venture Exchange and headquartered in Vancouver, Canada prior to its acquisition by Consolidated Uranium.

McCarthy Tétrault advised Virginia Energy with a team led by Gerald Gaunt and that included Kyle Riddell, Thomas Fung, Kara Bodie, Alexandra Comber and Trena Gallant (Corporate & Securities), Daniel Bornstein (Mining), Michel Ranger (Tax), Kate McNeece and Gideon Kwinter (ICA), Lance Williams and Jennifer Choi (Litigation), Laura DeVries (Employment), Kelleher Lynch (Benefits) and Selina Lee-Andersen (Environmental).

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