Uranium One Makes Offer to Repurchase Convertible Debentures

TORONTO, Nov. 15, 2013 /CNW/ - Uranium One Inc. ("Uranium One") today gave 
notice that it is making an offer (the "Debenture Offer") to purchase for cash 
all of its convertible unsecured subordinated debentures due March 13, 2015 
(the "Debentures") at a price equal to 101% of the principal amount thereof 
plus accrued and unpaid interest up to, but excluding, January 2, 2014 (the 
"Offer Price"). The Offer Price will be payable on January 2, 2014 to all 
holders of Debentures who accept the Debenture Offer prior to 5:00 p.m. 
(Toronto time) on December 30, 2013. 
The Debenture Offer follows the October 18, 2013 acquisition by Uranium One 
Holding N.V., a subsidiary of JSC Atomredmetzoloto, of all of the outstanding 
common shares of Uranium One not already owned by it and its affiliates 
pursuant to a plan of arrangement. The Debenture Offer is being made pursuant 
to the Debenture trust indenture dated as of March 12, 2010 between Uranium 
One and Computershare Trust Company of Canada, as trustee, which requires 
Uranium One to make an offer to repurchase the Debentures in the event of a 
change of control. 
A Notice of Change of Control and Offer to Purchase is being mailed to all 
beneficial owners of Debentures. Debenture holders may accept the Debenture 
Offer in respect of all or a portion of their Debentures (in a minimum amount 
of $1,000 principal amount and multiples thereof). 
The Debentures were issued by Uranium One in the "book-entry only" system and 
are registered in the name of, and held by or on behalf of, CDS as custodian 
for the CDS participants. In order to tender Debentures to the Debenture 
Offer, each holder must direct his or her investment dealer, stockbroker, 
bank, trust company or other nominee to accept the Debenture Offer in the 
manner required by his or her nominee. CDS will be issuing instructions to CDS 
Participants as to the method of tendering such Debentures. 
If Holders of 90% or more of the aggregate principal amount of the Debentures 
outstanding on November 15, 2013 accept the Debenture Offer, Uranium One will 
have the right, but not the obligation, to elect to redeem all the Debentures 
that remain outstanding at the Offer Price and on the other terms and 
conditions provided in the Indenture. 
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 completion 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  
-0- Nov/15/2013 13:08 GMT