Calypso Uranium Corp. (TSX VENTURE:CLP) is pleased to announce that the acquisition of Calypso by U3O8 Corp. (TSX:UWE) was approved at Calypso’s annual general and special meeting of shareholders today. The acquisition of Calypso by U3O8 Corp. through a court-approved plan of arrangement under the Business Corporations Act, British Columbia, was announced on March 11, 2013. Under the terms of the Arrangement, each Calypso Share will be exchanged for 0.40 of one common share in the capital of U3O8 Corp.
Calypso Uranium Corp. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Argentina. Calypso holds approximately 442,000 hectares or 4,420km2 of claims and mineral concessions in the provinces of Chubut, Mendoza and Neuquen.
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