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M5H 2Y2
Phone: +1 (416) 350 3657
Fax: +1 (416) 363 6806
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Company NewsMonday, June 15, 2009 Uranium One Inc. today announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau
Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note). The purchase agreement also provides for a contingent payment to ARMZ of up to US$ 60 million,
payable in three equal tranches over the period between 2010 and 2012 subject to certain postclosing tax related adjustments.
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