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Uranium One Completes $260 Million Bought Deal Financing of Convertible Unsecured Subordinated Debentures

Published: 07/07/2010

By Joan Beck, Christopher B. Norton, Jeffrey P. Roy, Paul M. Stein

On March 12, 2010, Uranium One Inc. closed a bought deal offering of convertible unsecured subordinated debentures of the Company due March 13, 2015, for aggregate gross proceeds of $260,000,000, including $10,000,000 taken up under an underwriters’ over-allotment option. The underwriting syndicate for the offering was led by GMP Securities L.P. and included Canaccord Financial Ltd., BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets and Paradigm Capital Inc. The Debentures commenced trading on the Toronto Stock Exchange on March 12, 2010 under the symbol UUU.DB.A. 

The underwriters were represented by Cassels Brock & Blackwell LLP with a team that included Paul Stein (Securities and Mining), Jeff Roy (Securities), Joan Beck (Securities), Jelena Novikov (Securities), Chris Norton (Tax) and Duane Milot (Tax).