09:41 AM EST - Uranium One Inc. : announced that it has signed a definitive purchase agreement to acquire a 50-per-cent interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto, 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 $90 million U.S. or equivalent promissory note. The purchase agreement also provides for a contingent payment to ARMZ of up to $60 million U.S., payable in three equal tranches over the period between 2010 and 2012 subject to certain post-closing tax related adjustments. Uranium One Inc.
shares T.UUU are trading even at $2.83.
