Forsys invites proposals on potential deals

Uranium junior Forsys Metals has invited a short-list of parties to submit proposals on potential transactions with the company, it said on Tuesday. Forsys' main asset is the Valencia uranium project in Namibia, which is fully permitted and could...

Forsys Metals hires new CEO

Uranium junior Forsys Metals has appointed former First Quantum Minerals executive Marcel Hilmer as CEO, the firm announced on Monday. Hilmer will replace Duane Parnham, who is stepping down from the position, but will continue on the board as...

Forsys would consider reopening talks with George Forrest

Uranium junior Forsys Metals would consider reopening discussions with George Forrest International (GFI), if it offered proof that it had the funds needed to complete the now-terminated agreement between the two firms, Forsys CEO Duane Parnham...

Forsys will fight George Forrest for break-up fee

Uranium junior Forsys Metals confirmed on Friday that erstwhile suitor George Forrest International (GFI) had disputed Forsys' right to claim a C$20-million reverse break fee after terminating its agreement with GFI. GFI alleged that Forsys had...

Forsys shares drop after buyout scrapped

Shares in uranium junior Forsys Metals fell 9,62% on Wednesday, after the company said that it had terminated an agreement with George Forrest International, which had failed to come up with the money for its acquisition of Forsys. The company...

Forsys loses patience, breaks off George Forrest deal

Uranium junior Forsys Metals has terminated its agreement with George Forrest International (GFI), citing the other company's ongoing failure to transfer the funds to complete a C$579-million friendly takeover of Forsys. “As of today's date,...

Forsys still waiting on George Forrest deal

About nine months since uranium hopeful Forsys Metals agreed to a takeover, shareholders are still waiting for buyer George Forrest International (GFI) to finalise the cash it needs to wrap up the transaction. Forsys issued a statement on August...

At last, George Forrest confirms financing for Forsys acquisition

Shares in uranium hopeful Forsys Metals jumped 37% on Tuesday, after the firm said that George Forrest International has finally confirmed it has the financing needed to complete its acquisition of Forsys. The deal was initially expected to close...

George Forrest International offers C$579m for Forsys

Shares in uranium explorer Forsys Metals leapt 29,3% on Monday, after the company announced that it had agreed to a buyout offer from a company controlled by veteran Democratic Republic of Congo miner George Forrest. George Forrest International...