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Uranium One Receives Final Approval to Close ARMZ Transaction
Uranium One Receives Final Approval to Close ARMZ Transaction
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n Nov. 24, 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 AND JOHANNESBURG, South Africa, Nov. 24 /CNW/ - Uranium One\n Inc. ("Uranium One") is pleased to announce that it has received U.S.\n Nuclear Regulatory Commission approval to close its transaction with\n JSC Atomredmetzoloto ("ARMZ").  Uranium One now has all regulatory\n approvals required for closing. \n\n\nThe Company will now proceed to complete the initial closing of the\n transaction, comprising the issuance of 178,127,165 new common shares\n of Uranium One to ARMZ in return for US$610 million in cash. The record\n and payment dates for the special dividend of US$1.06 will be fixed and\n disclosed when the initial closing is completed.\n\n\nThe final stage of closing, comprising the acquisition of ARMZ's\n interest in the Akbastau and Zarechnoye mines in return for an\n additional 178,127,164 new common shares of Uranium One, will occur\n prior to the end of December.\n\n\nAs previously announced, on June 8, 2010 Uranium One entered into a\n definitive purchase and subscription agreement with ARMZ under which\n Uranium One would acquire ARMZ's 50% interest in the Akbastau Uranium\n Mine and its 49.67% interest in the Zarechnoye Uranium Mine, both\n located in Kazakhstan, and ARMZ would also contribute US$610 million in\n cash to Uranium One in return for 356 million new common shares of\n Uranium One. \n\n\nAbout Uranium One\n\n\nUranium One is one of the world'...