The transaction consisted of issuance of 178,127,164 new common shares of Uranium One to ARMZ in return for ARMZ’s 50% interest in the Akbastau uranium mine and 49.67% interest in the Zarechnoye uranium mine in Kazakhstan.
ARMZ paid $610m in cash to Uranium One in return for 356 million new common shares of Uranium One, pursuant to a definitive purchase and subscription agreement with ARMZ.
ARMZ currently holds 492,217,929 common shares, representing 51.4% of the outstanding common shares.
