Uranium One Provides Update on Going Private Transaction

TORONTO, June 12, 2013 /CNW/ - Uranium One Inc. (the "Corporation") today 
announced that the closing of the agreement between JSC Atomredmetzoloto, its 
affiliate Effective Energy, N.V. (collectively, "ARMZ") and the Corporation 
under which Uranium One would be taken private pursuant to a plan of 
arrangement is now expected to occur during the third quarter of 2013. 
The transaction was approved on March 7, 2013 at a special meeting of Uranium 
One common shareholders and optionholders and has received all required court 
approvals. Closing is subject to regulatory approvals in a number of 
jurisdictions, most of which have been received; the last such required 
approval is now expected during the third quarter. 
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. 
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 
Anton Jivov Vice President, Corporate Affairs Tel: +1 647 788 8461 
SOURCE: Uranium One Inc. 
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CO: Uranium One Inc.
ST: Ontario
-0- Jun/12/2013 23:54 GMT
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