11:57 AM EST - Uranium One Inc. : announced that the purchase from JSC Atomredmetzolo ("ARMZ") of ARMZ's interests in the Akbastau and Zarechnoye uranium mines was approved at a meeting of Uranium One shareholders held Tuesday in Vancouver, B. C. At the meeting, approximately 95.05% of the votes cast were voted in favour of the transaction. In addition, approximately 91.99% of the votes cast by shareholders other than ARMZ and its affiliates were voted in favour of the transaction. As previously announced, as part of the Akbastau and Zarechnoye transaction ARMZ will also contribute $610 million U.S. in cash to Uranium One, of which approximately $479 million U.S. will be paid directly to shareholders (other than ARMZ) as a change of control premium after closing, by way of a special dividend of $1.06 U.S. per share. Uranium One Inc.
shares T.UUU are trading down $0.02 at $3.50.
