Uranium One Closes Going Private Transaction

TORONTO, Oct. 18, 2013 /CNW/ - Uranium One Inc. ("Uranium One" or the 
"Corporation") today announced the closing of its going private arrangement 
transaction, pursuant to which Uranium One Holding N.V. (formerly Effective 
Energy N.V.), an affiliate of JSC Atomredmetzoloto ("ARMZ"), acquired all of 
the outstanding common shares of Uranium One that it and its affiliates did 
not previously own. 
Payment of the cash consideration of C$2.86 per share for the shares acquired 
pursuant to the arrangement will be made by the depositary (contact 
information below). 
Shareholders who hold their common shares through a broker or other 
intermediary may contact that broker or other intermediary for instructions 
and assistance in receiving the consideration for their shares. Shareholders 
who hold their common shares in certificated form are required to complete and 
sign a letter of transmittal (form of surrender for shareholders in South 
Africa) and deliver it, together with their share certificates and the other 
required documents to the depositary. Further information concerning these 
processes is outlined in the Corporation's management information circular 
dated February 8, 2013, a copy of which is available, along with the letter of 
transmittal and form of surrender, under the Corporation's profile at 
www.sedar.com and on the Corporation's web site at 
www.uranium1.com/index.php/en/investor/financial-reports-and-filings/regulatory
-filings. 
Any questions regarding the cash consideration, including any request for 
another letter of transmittal or form of surrender, should be directed to the 
depositary, Computershare Investor Services Inc., at its North American 
toll-free number: 1-800-564-6253; or (for South African shareholders) 
Computershare Investor Services (Proprietary) Limited, at its South African 
number: 086-110-0634 or +27-11-370-5000. 
With the completion of the plan of arrangement, it is expected that the common 
shares of the Corporation will be de-listed from the Toronto Stock Exchange at 
the close of business on October 21, 2013 and from the JSE Ltd stock exchange 
on October 22, 2013. 
Within 30 days the Corporation intends to 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. As a result of the arrangement, ARMZ and its 
affiliates now own 100% 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 
repurchase of debentures 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 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 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 repurchase 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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CO: Uranium One Inc.
ST: Ontario
NI: MNG MNA  
-0- Oct/18/2013 16:51 GMT