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Uranium One and Energy Metals Receive Advance Ruling Certificate from Canadian Commissioner of Competition
Uranium One and Energy Metals Receive Advance Ruling Certificate from Canadian Commissioner of Competition.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbols: SXR - Toronto Stock Exchange,\n JSE Limited (Johannesburg Stock Exchange)\n EMC - Toronto Stock Exchange; EMU - NYSE Arca\n\n\nTORONTO, ON, VANCOUVER, BC and JOHANNESBURG, South Africa, July 6 /CNW/ -\nUranium One Inc. ("Uranium One") and Energy Metals Corporation ("EMC")\nannounced today that they have received an Advance Ruling Certificate (ARC)\nfrom the Commissioner of Competition under the Competition Act (Canada) in\nrespect of the proposed acquisition of EMC by Uranium One.\n\n\nUranium One filed a submission with the Commissioner of Competition on\nJune 22, 2007 in respect of the proposed acquisition and on July 4, 2007, the\nCommissioner of Competition issued an ARC which amounts to Canadian\ncompetition approval under the arrangement agreement and exempts Uranium One\nand EMC from the merger notification provisions of the Competition Act.\n\n\nAbout Uranium One\n\n\nUranium One Inc. is a Canadian-based uranium producing company with a\nprimary listing on the Toronto Stock Exchange and a secondary listing on the\nJSE Limited (the Johannesburg stock exchange). The Corporation owns 70% of the\noperating Akdala Uranium Mine in Kazakhstan and is also developing the South\nInkai and Kharasan Uranium Projects in Kazakhstan. Uranium One owns the\nDominion Uranium Project in South Africa, as well as the Honeymoon Uranium\nProject in South Australia. The Corporation recently acquired the Shootaring\nCanyon Mill and associated assets in the western United States. Uranium One is\nalso engaged in uranium exploration activities in the Athabasca Basin of\nSaskatchewan, South Africa, Australia and the Kyrgyz Republic.\n\n\nAbout Energy Metals Corporation\n\n\nEnergy Metals Corporation is a TSX and NYSE Arca listed company focused\non advancing its industry leading uranium property portfolio towards\nproduction in what is the world's largest uranium consumer market, the United\nStates of America. Energy Metals Corporation has extensive advanced property\nholdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ\nrecovery). This form of uranium mining was pioneered in Texas and Wyoming and\nutilizes oxygenated groundwater to dissolve the uranium in place and pump it\nto the surface through water wells. Energy Metals is currently development\ndrilling the La Palangana uranium...