Uranium One Shareholders and Optionholders Approve Going Private Transaction with ARMZ

Uranium One Shareholders and Optionholders Approve Going Private Transaction 
with ARMZ 
TORONTO, March 7, 2013 /CNW/ - Uranium One Inc. announced today that it has 
received securityholder approval for the proposed plan of arrangement pursuant 
to which JSC Atomredmetzoloto ("ARMZ") and its affiliates would acquire all of 
the common shares of Uranium One that they do not already own. Approval was 
given at a special meeting of Uranium One common shareholders and 
optionholders held in Toronto on March 7, 2013. 
At the meeting, approximately 95.7% of the votes cast by the holders of the 
common shares, and 95.7% of the votes cast by the holders of the common shares 
and options voting together as one class, were voted in favour of the plan of 
arrangement. In addition, approximately 86% of the votes cast by the holders 
of the common shares (other than ARMZ, its affiliates and related parties, and 
those senior officers of Uranium One who hold options) were voted in favour of 
the plan of arrangement. 
Uranium One expects to complete the transaction in the second quarter of 
2013. Closing is subject to receipt of the final court order, receipt of the 
remaining required regulatory approvals, and the satisfaction or waiver of 
other usual and customary closing conditions. 
Further information regarding the meeting and the proposed plan of arrangement 
are contained in Uranium One's management information circular for the meeting 
dated February 8, 2013, which is available under Uranium One's profile on the 
System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. 
About Uranium One 
Uranium One is one of the world's largest publicly-traded uranium producers 
with a globally diversified portfolio of assets located in Kazakhstan, the 
United States, Australia and Tanzania. ARMZ and its affiliates currently are 
Uranium One's largest shareholder, owning approximately 492.2 million 
(approximately 51.4% of the outstanding) common shares of Uranium One. 
Cautionary Statement 
No stock exchange, securities commission or other regulatory authority has 
approved or disapproved the information contained herein. 
Investors are advised to refer to independent technical reports containing 
detailed information with respect to the material properties of Uranium One. 
These technical reports are available under the profile of Uranium One Inc. at 
www.sedar.com. Those technical reports provide the date of each resource or 
reserve estimate, details of the key assumptions, methods and parameters used 
in the estimates, details of quantity and grade or quality of each resource or 
reserve and a general discussion of the extent to which the estimate may be 
materially affected by any known environmental, permitting, legal, taxation, 
socio-political, marketing, or other relevant issues. The technical reports 
also provide information with respect to data verification in the estimation. 
Forward-looking statements: 
This press release contains "forward-looking statements" within the meaning of 
applicable securities laws that are intended to be covered by the safe 
harbours created by those laws, including statements that use forward-looking 
terminology such as "may", "will", "expect", "anticipate", "believe", 
"continue", "potential", or the negative thereof or other variations thereof 
or comparable terminology. Such forward-looking statements may include, 
without limitation, statements regarding the completion of the proposed 
transaction and other statements that are not historical facts. While such 
forward-looking statements are expressed by Uranium One, as stated in this 
release, in good faith and believed by Uranium One to have a reasonable basis, 
they are subject to important risks and uncertainties including, without 
limitation, approval of applicable governmental authorities, necessary Court 
approvals, the satisfaction or waiver of certain other conditions contemplated 
by the Arrangement Agreement, and changes in applicable laws or regulations, 
which could cause actual results to differ materially from future results 
expressed, projected or implied by the forward-looking statements. As a result 
of these risks and uncertainties, the proposed transaction could be modified, 
restructured or not be completed, and the results or events predicted in these 
forward-looking statements may differ materially from actual results or 
events. These forward-looking statements are not guarantees of future 
performance, given that they involve risks and uncertainties. Uranium One is 
not affirming or adopting any statements made by any other person in respect 
of the proposed transaction and expressly disclaims any intention or 
obligation to update or revise any forward-looking statements, whether as a 
result of new information, future events or otherwise, except in accordance 
with applicable securities or to comment on expectations of, or statements 
made by any other person in respect of the proposed transaction. Investors 
should not assume that any lack of update to a previously issued 
forward-looking statement constitutes a reaffirmation of that statement. 
Reliance on forward-looking statements is at investors' own risk. 
For further information about Uranium One, please visit www.uranium1.com. 
Chris Sattler Chief Executive Officer Tel: +1 647 788 8500 
SOURCE: Uranium One Inc. 
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CO: Uranium One Inc.
ST: Ontario
-0- Mar/07/2013 18:03 GMT
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