Areva Group’s subsidiary to become sole shareholder of UraMin
Recently we have discussed the fact of purchasing of BVI corporation UraMin Inc by CFMM Développement, the wholly-owned subsidiary of Areva Group. Last week Areva announced that, after the completion of compulsory redemption proceedings in accordance with the BVI law, it has become the sole shareholder of the BVI-registered company.
The notice that was sent to the UraMin shareholders on 7 August 2007 provided also further information for former shareholders of UraMin seeking to receive the redemption price, held by UraMin’s agent, Computershare Investor Services. In connection with the redemption, on 20 August UraMin’s shares were delisted from the Toronto Stock Exchange, and cancellation of BVI company’s listing on the Alternative Investment Market of the London Stock Exchange is expected to be effective today, on September 4, 2007.