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Uranium One buys back C$227.46 million, or 87.49%, of convertibles
By Devika Patel
Knoxville, Tenn., Jan. 2 - Uranium One Corp. said it repurchased C$227.46 million, or 87.49%,of its convertible unsecured subordinated debentures due March 13, 2015.
As previously reported, the company said on Nov. 15 that it planned to repurchase at least 90% of the convertibles, which are due March 13, 2015.
The company repurchased the securities at 101 plus interest up to, but not including, Jan. 2.
Holders who tendered their debentures by 5 p.m. ET on Dec. 30 are expected to receive payment on Thursday.
Uranium One is a uranium producer based in Toronto with assets located in Kazakhstan, the United States, South Africa and Australia.
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