Uranium One Announces Extension of Subscription Agreement with Japanese Consortium
Uranium One Inc., one of the world’s largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States, South Africa and Australia announced the extension to December 15, 2009 of its subscription agreement of February 9, 2009 with a corporation formed by The Tokyo Electric Power Company, Incorporated, Toshiba Corporation, and The Japan Bank for International Cooperation. As previously announced, the February 9, 2009 subscription agreement provides for the private placement of an aggregate of 117,000,000 common shares of Uranium One, for gross proceeds of approximately C$270 million. Closing of the private placement remains subject to Kazakh regulatory approval, which is expected to be received within the extension period.
