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Client Work

sxr Uranium One completes US$170.6 million equity financing

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BMO Capital Markets

On February 17, 2006, sxr Uranium One Inc. completed a brokered private placement of 22.3 million common shares for aggregate gross proceeds of $170.6 million. Net proceeds of the offering will be used by the Corporation for the development of the Dominion uranium project in South Africa and for general corporate purposes and working capital. The private placement was conducted in Canada and internationally through a syndicate of agents led by BMO Nesbitt Burns Inc. and including RBC Dominion Securities Inc., Sprott Securities Inc., Canaccord Capital Inc., GMP Securities L.P., Orion Securities Inc., Barnard Jacobs Mellet USA LLC, Toll Cross Securities Inc., Hargreave Hale Limited and Paradigm Capital Inc. BMO Nesbitt Burns was advised by a team from Fasken Martineau that included John Turner, Greg Ho Yuen, Bozidar Crnatovic and Dan Rankin.


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