Business
Uranium One Announces Change in Interest Rate for Convertible Debentures Due 2015
Uranium One Announces Change in Interest Rate for Convertible Debentures Due 2015
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n Oct. 12, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nVANCOUVER and JOHANNESBURG, Oct. 12 /CNW/ - Uranium One Inc. today announced that the interest rate payable on the C$260 million aggregate principal amount of convertible debentures issued by the Company in March 2010 will be re-set effective October 12, 2010 from 7.5% to 5.0%. The re-set follows receipt of the Kazakh regulatory approval and delivery to the indenture trustee of the related legal opinion required under the debenture trust indenture for exercise of the conversion feature to become effective.\nAs of October 12, 2010 the debentures will be convertible into common shares of Uranium One at the option of the holder at a conversion price of C$4.00 per share, subject to any conversion price adjustments provided for under the terms of the trust indenture, including the adjustment to be made as a result of the US$1.06 special dividend to be paid following initial closing of the ARMZ transaction announced by the Company on June 8, 2010.\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.\nInvestors are advised to refer to independent technical reports containing detailed information with respect to the ...