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
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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CO: Uranium One Inc.
-0- Nov/15/2013 13:08 GMT
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