TORONTO, Sept. 25, 2013 /CNW/ - Uranium One Inc. (the "Corporation") today
announced that all required regulatory approvals have now been received to
complete the arrangement agreement between the Corporation, JSC
Atomredmetzoloto ("ARMZ") and its affiliate Uranium One Holding N.V. (formerly
Effective Energy N.V.) under which Uranium One Holding will acquire all of the
common shares of Uranium One that it and its affiliates do not already own for
cash consideration of C$2.86 per share. Closing of the transaction is now
scheduled to take place on Friday, October 18, 2013.
The transaction was approved on March 7, 2013 at a special meeting of the
Corporation's common shareholders and optionholders and has received all
required court approvals. Within 30 days of completion of the transaction,
Uranium One will make an offer to purchase the $259,985,000 aggregate
principal amount of its convertible unsecured subordinated debentures due
March 13, 2015 as required by the terms of the debentures.
About Uranium One
Uranium One is one of the world's largest uranium producers with a globally
diversified portfolio of assets located in Kazakhstan, the United States,
Australia and Tanzania. ARMZ and its affiliates are Uranium One's largest
shareholder, owning approximately 492.2 million (approximately 51.4% of the
outstanding) common shares of Uranium One.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
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, 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.
SOURCE Uranium One Inc.
Chris Sattler Chief Executive Officer Tel: +1 647 788 8500
Anton Jivov Vice President, Corporate Affairs Tel: +1 647 788 8461
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-0- Sep/25/2013 22:51 GMT
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