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Global Uranium and Enrichment Ltd (ASX:GUE)

ALERT: Price-sensitive ASX Announcement for GUE
Current share price for GUE : $0.071 -0.004 (-5.33%)+
Announcement
Release
27 Jan 2026 2:31PM
Price at Release
$0.075
Full Release
download
Summary
The schemes approved by Global Uranium and Enrichment Limited (GUE) securityholders involve the acquisition by Snow Lake Resources Ltd of all GUE shares not already owned by Snow Lake, and the cancellation of all unlisted GUE options. This is executed via a share scheme of arrangement and an option scheme of arrangement under the Corporations Act 2001. The resolutions for both the share and option schemes were passed with overwhelming support, and court approval is scheduled for early February 2026, with implementation slated for mid-February. Upon approval, GUE shares will be suspended from ASX trading.
Key Points
  • Schemes approved by Global Uranium and Enrichment Limited (GUE) Securityholders.
  • Proposed acquisition by Snow Lake Resources Ltd of all GUE shares not already owned by Snow Lake.
  • Cancellation of all unlisted GUE options in consideration for new warrants issued by Snow Lake.
  • The Schemes include a share scheme of arrangement and an option scheme of arrangement.
  • The acquisition and cancellation are under Part 5.1 of the Corporations Act 2001.
  • Share Scheme Resolution passed with 99.19% votes in favor.
  • Option Scheme Resolution passed with 100% votes in favor.
  • Court approval schedule and implementation dates outlined.
  • GUE shares to be suspended from ASX trading from 4 February 2026.
  • Implementation of Schemes expected by 13 February 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.