On August 10, 2007, Uranium One Inc. completed its acquisition of all the outstanding common shares and options of Energy Metals Corp. (EMC) by way of a plan of arrangement. Under the arrangement, shareholders received 1.15 shares of Uranium One for each EMC share. As previously announced, the acquisition, valued at $1.6 billion, will result in EMC being a wholly owned subsidiary of Uranium One, making Uranium One the second largest publicly traded, pure uranium company in the world, with a pro forma market capitalization of US$7.8 billion.
Uranium One was represented in-house by John M. Sibley, executive vice-president, legal counsel and corporate secretary, and Lloyd Hong, vice-president, legal counsel and assistant secretary; in Canada by Fasken Martineau DuMoulin LLP, with a team that included John Turner, Gregory Ho Yuen, Paula Amy Hewitt and Stacey Stoneham (corporate/global mining); Mitchell Thaw (tax); Huy Do (competition/Investment Canada); and in the United States by Dorsey & Whitney LLP, with a team that included Christopher Doerksen, Randal Jones and Lisa Luebeck (corporate); William Prince and Wells Parker (mining and environmental); John Hollinrake Jr. (tax); Nelson Dong (competition/Hart Scott/Exon Florio) and Michael Lindsay (competition).
EMC was represented in Canada by Stikeman Elliott LLP, with a team that included John Stark, John Anderson, Jennifer MacGregor-Greer, Beayue Louie and Shona Sinclair (corporate); Neville McClure (mining); Shawn Neylan (regulatory); and Dean Kraus and Katy Pitch (tax); and in the United States by Davis Wright Tremaine LLP, with a team that included Michael Phillips and Brian Buckham (corporate/securities); Brian Todd and Monica Gianni (tax); and Alison Davis and Gwen Fanger (competition/Hart Scott/Exon Florio).