By Devika Patel
Knoxville, Tenn., Dec. 29 - Uranium One, Inc. announced it revised a private placement that priced Feb. 10, 2009.
The company originally planned to sell 117 million common shares at C$2.30 per share to Japan Uranium Management Inc., a corporation formed by Tokyo Electric Power Co., Inc., Toshiba Corp. and Japan Bank for International Cooperation.
It now plans to sell C$269.1 million of 3% 10-year unsecured convertible debentures. The debentures will automatically convert into 117 million common shares on receipt of required regulatory approval, which is expected during 2010. If approval is not obtained, the investor may require the company to redeem the debentures at par plus interest after two years.
Settlement is expected Jan. 15.
Uranium One, formerly sxr Uranium One Inc., is a uranium exploration company based in Vancouver, B.C.
| Issuer: | Uranium One, Inc.
|
| Issue: | Unsecured convertible debentures
|
| Amount: | C$269.1 million
|
| Maturity: | 10 years
|
| Coupon: | 3%
|
| Price: | Par
|
| Yield: | 3%
|
| Conversion ratio: | Into 117 million common shares
|
| Warrants: | No
|
| Investor: | Japan Uranium Management Inc.
|
| Pricing date: | Feb. 10, 2009
|
| Amended: | Dec. 29
|
| Settlement date: | Jan. 15
|
| Stock symbol: | Toronto: UUU
|
| Stock price: | C$2.01 at close Feb. 9, 2009
|
| Market capitalization: | C$1.73 billion
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
