On a non-diluted basis, Azarga held 33,100,035 common shares of Powertech representing approximately 21.6% of the issued and outstanding Powertech Shares before the acquisition.
Currently, a total of 45,601,571 Powertech shares are owned, after completion of the acquisition, representing approximately 29.8% of the issued and outstanding Powertech shares.
Mineral exploration and development company Powertech Uranium, through its Denver-based subsidiary Powertech (USA), holds the Dewey-Burdock uranium deposit in South Dakota, the Centennial project in Colorado and the Dewey Terrace and Aladdin projects in Wyoming.
Azarga owns an 80% operating interest in the Kyzyl Ompul project in the Kyrgyz Republic as well as non-operating equity exposure to uranium development projects in the US and Turkey.
