Monday, June 4, 2007

SXR Uranium to acquire Energy Metals Corp

(Reuters) - Uranium company sxr Uranium One Inc. said it would acquire Toronto-listed Energy Metals Corporation in an all-share deal that would enhance its asset portfolio in the United States.

Uranium One said on Monday EMC shareholders would receive 1.15 common of its shares for each issued share of EMC, representing a value of C$19.12 per share. The offer values EMC at C$1.59 billion.


Read more at Reuters Africa

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