Uranium One Announces Plans to Become Private

Uranium One Inc (TSX:UUU) announced that they have closed an agreement in which they will be taken private, which is expected to occur during the third quarter of 2013.

As quoted in the press release:

The transaction was approved on March 7, 2013 at a special meeting of Uranium One common shareholders and optionholders and has received all required court approvals.  Closing is subject to regulatory approvals in a number of jurisdictions, most of which have been received; the last such required approval is now expected during the third quarter.

To view the whole press release, click here.