URZ Energy and Azarga Uranium complete merger

On July 5, 2018, URZ Energy Corp. (TSXV: URZ) (OTCQB: URZZF) and Azarga Uranium Corp. (TSX: AZZ) (FRA: P8AA) (OTCMKTS: PWURF) announced the completion of the previously announced merger between the two companies.

Azarga Uranium acquired all of the issued and outstanding shares of URZ Energy for consideration of 2.0 Azarga Uranium shares for each URZ Energy share pursuant to a court approved plan of arrangement. The shares of URZ Energy were delisted from the TSX Venture Exchange and the OTCQB.  Azarga Uranium is taking the steps necessary to list its shares for trading on the OTCQB.

Azarga Uranium is an integrated uranium exploration and development company that controls projects, deposits and prospects in the US and the Kyrgyz Republic. URZ Energy was also a uranium exploration and development company with prospective in-situ recovery uranium properties in the US.

Gowling WLG advised URZ Energy in this transaction with a team that included Cyndi Laval, Stefan McConnell and Tara Amiri-Khaledi (corporate/M&A), Jonathan Ross (advocacy) and Brent Kerr and Anita Yuk (tax).