Business
Uranium One Completes ARMZ Transaction
Dec. 27, 2010 (Canada NewsWire Group) -- VANCOUVER, BC and JOHANNESBURG, South Africa, Dec. 2...
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n Dec. 27, 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\n\nVANCOUVER, BC and JOHANNESBURG, South Africa, Dec. 27 /CNW/ - Uranium\n One Inc. ("Uranium One") is today pleased to announce that it has\n completed the second closing of its transaction with JSC\n Atomredmetzoloto ("ARMZ"), comprising the issuance of 178,127,164 new\n common shares of Uranium One to ARMZ in return for ARMZ's 50% interest\n in the Akbastau Uranium Mine and 49.67% interest in the Zarechnoye\n Uranium Mine.  ARMZ currently holds 492,217,929 common shares,\n representing 51.4% of the outstanding common shares.\n\n\nThis completes the ARMZ transaction previously announced on June 8,\n 2010, under which Uranium One acquired ARMZ's interests in the Akbastau\n and Zarechnoye mines and ARMZ contributed US$610 million in cash to\n Uranium One in return for 356 million new common shares of Uranium One\n pursuant to a definitive purchase and subscription agreement with\n ARMZ. \n\n\n2010 Debentures\n\n\nFor the information of debentureholders, this is to confirm that at the\n opening of trading on Friday, December 31, 2010, the Toronto Stock\n Exchange will re-commence quoting the 7.5% (re-set to 5%) convertible\n unsecured subordinated debentures of the Company due March 13, 2015 on\n an "accrued interest" basis.\n\n\nAbout Uranium One\n\n\nUranium One is one of the world's largest publicly traded uranium\n producers with a globally diversified portfolio of assets l...