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Monday, January 14, 2013

Uranium One to go private for C$2.86 per share, (TSE: UUU.TO)

Uranium One Inc said that it has entered into an agreement with Russia's JSC Atomredmetzoloto and its affiliate, Effective Energy N.V., collectively termed AMRZ, to go private in a deal that values the company at C$2.74 billion ($2.79 billion). The company said that ARMZ would purchase all the common shares that ARMZ and its affiliates do not already own for C$2.86 per share, a premium of 19 percent over the stock's Friday close.ARMZ and its affiliates currently own 51.4 percent of the Uranium One common shares.

Uranium One Inc., (Uranium One) along with its subsidiaries, is engaged in the acquisition, exploration and development of properties for the production of uranium in Kazakhstan, the United States, Tanzania and Australia. Shares of UUU remained unchanged at $2.41. In the past year, the shares have traded as low as $1.78 and as high as $3.45. On average, 5632920 shares of UUU.TO exchange hands on a given day and today's volume is recorded at 1540368.