On May 14, 2013, U308 Corp (U308) (TSX: UWE) announced that it had completed the acquisition of Calypso Uranium Corp (Calypso) (TSXV:CLP). Under the terms of the acquisition, U3O8 Corp. issued 20,252,327 common shares in exchange for all of the 50,630,819 issued and outstanding common shares of Calypso. The acquisition has solidified U308’s standing as a leading uranium company in Argentina and expanded its land position around the state-owned Cerro Solo and Sierra Pintada uranium deposits. U3O8 Corp is an advanced exploration company focused on exploration and resource expansion of uranium and associated commodities in South America. Fasken Martineau acted as counsel to Calypso with a team that include Iain Mant, Steve Saville and Barinder Sidhu (securities), Frank Schober (tax) and Mark Pontin (litigation).