Denison bid nixes proposed Mega Uranium-Rockgate merger
The proposed merger between Toronto-based uranium producer Mega Uranium Ltd and Rockgate Capital Corp, a Vancouver-based mineral exploration company, has been terminated. The transaction, which would have seen Rockgate become a subsidiary of Mega Uranium for around $22 million of cash, was ended when Rockgate received a "superior" takeover bid from Denison Mines Corp. Mega Uraninum is a portfolio investment of Canadian resources-focused private equity firm Pinetree Capital.
30 September 2013•2 mins read
