VANCOUVER, and JOHANNESBURG, South Africa, Feb. 10 /CNW/ Uranium One Inc.
today announced that it has entered into a subscription agreement with a
corporation formed by The Tokyo Electric Power Company, Incorporated, Toshiba
Corporation, and The Japan Bank for International Cooperation providing for
the private placement of an aggregate of 117,000,000 common shares of Uranium
One, for gross proceeds of approximately C$270 million.
Concurrently with the execution of the subscription agreement, Uranium
One has also entered into a long-term offtake agreement and a strategic
relationship agreement with the Japanese consortium, both of which will become
effective upon closing of the private placement.