Western Uranium & Vanadium adopts shareholder rights plan with 20% trigger

Western Uranium & Vanadium Corp.

Plan effective immediately; subject to shareholder ratification at June 29, 2023 AGM.
One right per common share; exercisable if any acquirer holds 20%+ without complying with permitted bid provisions.
Initial term of three years; not adopted in response to any specific takeover proposal.
Rights agent is Capital Transfer Agency ULC; plan similar to other Canadian issuer rights plans.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Western Uranium & Vanadium Corp. entered into Shareholder Rights Plan Agreement with Capital Transfer Agency ULC valued at Issuance of one Right per common share under a shareholder rights plan (effective 2023-05-24).

Action: entry
Counterparty: Capital Transfer Agency ULC
Value: Issuance of one Right per common share under a shareholder rights plan
Effective: 2023-05-24

Exact text from the filing

Item 1.01. Entry into a Material Definitive Agreement. On May 24, 2023, Western Uranium & Vanadium Corp. (“ Western ” or the “ Company ”) adopted a shareholder rights plan (the “ Plan ”) by entering into a shareholder rights plan agreement (the “ Agreement ”) on that date with Capital Transfer Agency ULC as rights agent.

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Western Uranium & Vanadium Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-043609

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