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Uranium One cuts conversion prices on convertibles due 2011, 2015
By Melissa Kory
Cleveland, Dec. 13 - Uranium One Inc. lowered the conversion prices for its 4.25% convertible debentures due Dec. 31, 2011 and its 7.5% (reset to 5% on Oct. 12) convertible debentures due March 13, 2015.
The conversion price for the 2011 debentures has been adjusted to C$15.76 per common share from C$20.00 per share, effective Dec. 10.
The conversion price for the 2015 debentures has been adjusted to C$3.15 per common share from C$4.00 per share, effective Dec. 10.
The price adjustments were the result of a special dividend of $1.06 per share, which will paid on Dec. 20.
Based in Vancouver, B.C., Uranium One is a uranium producer with assets located in Kazakhstan, the United States, South Africa and Australia.
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