Ann: Definitive Agreements - Western Uranium Takeover Offer, page-3

Hi pe2023,

This may prove to be the case but there has been very limited trading in WUC and it is hard to know what the true value of their shares is. The only buyer is a corporate and could simply be supporting the price at current levels to support the rationale of the take-over.

WUC is also listed on the second tier Canadian Stock Exchange (CSE) as opposed to the TSX (which is equivalent to our ASX). This limits the number of people trading, however I suspect that when WUC is ready to raise capital they would pursuse a listed in the US or on the TSX.

On face value, it would appear the deal is value adding, and if their business plan as we know it comes to fruition then it should increase in value. Note the if.