and " Uranium One also announced that it has recently sold most of its stake in Africa-focused uranium mine Paladin Energy Ltd (PDN.AX: Quote).
Last month, Uranium One announced it held a 3 percent stake in Paladin, news that sent shares of Australian-based Paladin surging on speculation of a full-blown takeover. [ID:nN10178120]
"The reason for divesting our Paladin stake is to make sure we have sufficient cash on the balance sheet to be able to implement this transaction (with ARMZ)," Chief Executive Jean Nortier said in an interview on Monday."
from: http://af.reuters.com/article/commoditiesNews/idAFN0824656020100608?pageNumber=2&virtualBrandChannel=0&sp=true
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