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Uranium One Inc. (TSE:UUU,JNB:UUU) reports that it has completed the second closing of its transaction with JSC Atomredmetzoloto.
Uranium One Inc. (TSX:UUU,JNB:UUU) reports that it has completed the second closing of its transaction with JSC Atomredmetzoloto.
The press release is quoted as saying:
This completes the ARMZ transaction previously announced on June 8, 2010, under which Uranium One acquired ARMZ’s interests in the Akbastau and Zarechnoye mines and ARMZ contributed US$610 million in cash to Uranium One in return for 356 million new common shares of Uranium One pursuant to a definitive purchase and subscription agreement with ARMZ.