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
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
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
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.
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
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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