Business
Uranium One Acquires Investment in Paladin
Uranium One Acquires Investment in Paladin
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n Apr. 30, 2010 (Canada NewsWire Group) -- Uranium One Inc. ("Uranium One" or the "Company") today confirmed that it has acquired an investment in ordinary shares of Paladin Energy Ltd. ("Paladin"). The share purchases were made through Uranium One's 100% owned Luxembourg-based subsidiary Cheetah Resources SARL.\nThe shares of Paladin were purchased for investment purposes. Uranium One continually reviews its investment alternatives and may, from time to time, acquire additional shares or dispose of its holdings of shares in Paladin.\n\nAbout Uranium One\n\nUranium One is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States and Australia.\n\nCautionary Statement\n\nNo stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.\n\nForward-looking statements: This press release contains certain forward-looking statements. Forward-looking statements include but are not limited to those with respect to the price of uranium, the estimation of mineral resources and reserves, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage and the timing and possible outcome of pending litigation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unkn...