Canada's Denison Mines, Fission Uranium terminate merger agreement

Tue Oct 13, 2015 8:36am EDT
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Oct 13 (Reuters) - Canadian uranium miner Denison Mines Corp and Fission Uranium Corp said they have terminated their C$483 million merger agreement due to opposition from Fission's shareholders.

While a majority of the Fission shares voted in favor of the purchase by Denison, the required two-thirds approval was not obtained, the companies said in a statement.

At the deadline for submission of proxies on Friday, Denison's shareholders strongly supported the arrangement. (Reporting by Sneha Banerjee in Bengaluru; Editing by Don Sebastian)