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sxr Uranium One completes US$172.8 million share offering

Fasken
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sxr Uranium One

On October 31, 2006, sxr Uranium One Inc. ("Uranium One") completed a public offering of 20,815,000 common shares at a price of $8.30 per common share for gross proceeds of $172,764,500. The entire offering was sold to a syndicate of underwriters led by BMO Capital Markets on a bought deal basis. The common shares sold include shares issued upon the exercise, at closing, of the entire 15% over-allotment option granted by Uranium One to the underwriters. Uranium One intends to use the net proceeds of the offering to finance the construction of its Dominion and Honeymoon uranium mines, exploration, and general corporate purposes. Uranium One is a Canadian uranium and gold company with a primary listing on the Toronto Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. Uranium One was advised in this transaction by a team from Fasken Martineau comprised of John Turner, Bozidar Crnatovic and Karoline Kralka, assisted by student-at-law Alex Nikolic.

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