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NEWS
1285 West Pender Street • Suite 900
Vancouver • BC • CANADA • V6E 4B1
News Release
November 24, 2010
Uranium One Receives Final Approval to Close ARMZ Transaction
Vancouver, British Columbia and Johannesburg, South Africa – Uranium One Inc.
(“Uranium One”) is pleased to announce that it has received U.S. Nuclear Regulatory
Commission approval to close its transaction with JSC Atomredmetzoloto ("ARMZ").
Uranium One now has all regulatory approvals required for closing.
The Company will now proceed to complete the initial closing of the transaction,
comprising the issuance of 178,127,165 new common shares of Uranium One to ARMZ
in return for US$610 million in cash. The record and payment dates for the special
dividend of US$1.06 will be fixed and disclosed when the initial closing is completed.
The final stage of closing, comprising the acquisition of ARMZ's interest in the Akbastau
and Zarechnoye mines in return for an additional 178,127,164 new common shares of
Uranium One, will occur prior to the end of December.
As previously announced, on June 8, 2010 Uranium One entered into a definitive
purchase and subscription agreement with ARMZ under which Uranium One would
acquire ARMZ's 50% interest in the Akbastau Uranium Mine and its 49.67% interest in
the Zarechnoye Uranium Mine, both located in Kazakhstan, and ARMZ would also
contribute US$610 million in cash to Uranium One in return for 356 million new
common shares of Uranium One.
About Uranium One
Uranium 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.
For further information, please contact:
Jean Nortier
Chief Executive Officer
Tel: +1 604 601 5642
ciao cico
 
aus der Diskussion: URANIUM ONE !!! Das Chamaeleon !!!
Autor (Datum des Eintrages): cicolinchen  (25.11.10 16:42:43)
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