Uranium One entering into a subscription agreement with Japan Uranium Management Inc.

Acted as co-counsel to Uranium One with respect to entering into a subscription agreement with Japan Uranium Management Inc. (a corporation formed by a consortium consisting of The Tokyo Electric Power Corporation, Inc., Toshiba Corporation and The Japan Bank for International Cooperation) providing for a private placement for gross proceeds of $269 million.

Acted as co-counsel to Uranium One with respect to entering into a subscription agreement with Japan Uranium Management Inc. (a corporation formed by a consortium consisting of The Tokyo Electric Power Corporation, Inc. Toshiba Corporation and The Japan Bank for International Cooperation) providing for the private placement, for gross proceeds of $269 million. At the same time, Uranium One entered into a long-term off-take agreement and a strategic relationship agreement with the Japanese Consortium, which provides the Japanese Consortium with an option to purchase, on industry-standard terms, up to 20% of Uranium One's available production from assets in respect of which Uranium One has marketing rights. (2010)

Jurisdictions

  • Canada