Uranium One Receives Final Approval to Close ARMZ Transaction

Uranium One Inc. (TSX:UUU) reports that it has received U.S. Nuclear Regulatory Commission approval to close its transaction with JSC Atomredmetzoloto.

The press release is quoted as saying:

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.

Click here to access the entire press release.