ATHA Energy Corp (CSE:SASK, OTCQB:SASKF) announced that 92 Energy shareholders have voted in favor of its proposed acquisition of 92 Energy.
The Canadian mineral exploration company in December announced plans to acquire 92 Energy, an Australian-listed uranium company with nine projects in the Athabasca Basin to boost its portfolio in the Basin.
At a 92 Energy shareholder meeting, 99.65% of attendees voted in favor of the acquisition, ATHA said on Monday.
ATHA noted that, while 92 Energy shareholder approval has been secured, the deal remains subject to customary closing conditions, including final approval by the Federal Court of Australia and the TSX Venture Exchange.
Subject to those conditions being satisfied or waived where applicable, ATHA expects the transaction will be implemented on or about April 11, 2024.