On March 12, 2010, Uranium One Inc. closed a bought deal offering of convertible unsecured subordinated debentures of the company due March 13, 2015, for aggregate gross proceeds of $260 million.

The underwriting syndicate for the offering was led by GMP Securities L.P. and included Canaccord Financial Ltd., BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets and Paradigm Capital Inc. The Debentures commenced trading on the Toronto Stock Exchange under the symbol UUU.DB.A.

Uranium One is 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.

Uranium One was advised in this transaction by Fasken Martineau with a team that included, among others, John Turner, Gregory Ho Yuen, John Elias, Bozidar Crnatovic and Michael Shour.