GoviEx Securityholders Approve Arrangement with Tombador Iron Limited
Newsfile·2025-10-24 19:10

Core Viewpoint - GoviEx Uranium Inc. has received overwhelming approval from its securityholders for a plan of arrangement with Tombador Iron Limited, leading to the formation of Atomic Eagle Ltd., aimed at advancing the Muntanga Project in Zambia [1][4][6] Group 1: Arrangement Details - Under the arrangement, Tombador will acquire all issued and outstanding Class A common shares of GoviEx, resulting in the creation of Atomic Eagle Ltd., which will be listed on the ASX [2] - The special resolution for the arrangement required at least 66⅔% approval from both GoviEx shareholders and securityholders, which was met with approximately 98.7% and 99.2% approval respectively [3][4] - Tombador shareholders also passed resolutions related to the transaction, including the issuance of shares to GoviEx shareholders and the name change to Atomic Eagle Ltd. [5] Group 2: Next Steps and Approvals - GoviEx plans to seek a final order from the Supreme Court of British Columbia to approve the arrangement, with a hearing scheduled for November 5, 2025 [6] - The closing of the arrangement is targeted for mid-November 2025, pending final court order, regulatory approvals, and other customary conditions [6]

GoviEx Securityholders Approve Arrangement with Tombador Iron Limited - Reportify