Consolidated Uranium, an exploration company, completed the acquisition of Virginia Energy Resources, a resource company engaged in the exploration and development of uranium deposits, for $32m. “We are very pleased to announce this agreement with Consolidated Uranium. We see this transaction as a tremendous outcome for Virginia Energy shareholders who will receive an immediate and substantial premium to the Virginia Energy share price. Importantly, the transaction will preserve our shareholders’ exposure to the Coles Hill project while providing diversification to an excellent portfolio of near-term productions assets in the US as well as a robust portfolio of exploration and development projects around the world," Walter Coles Sr., Virginia Energy Chairman and CEO.