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Uranium One Completes Offer to Repurchase Convertible Debentures


TORONTO, Jan. 2, 2014 /CNW/ - Uranium One Inc. ("Uranium One") today announced that it has completed the repurchase of C$227,461,000 of the aggregate principal amount of its convertible unsecured subordinated debentures due March 13, 2015 (the "Debentures"), representing 87.49% of the outstanding aggregate principal amount of the Debentures, pursuant to its offer to repurchase the Debentures announced on November 15, 2013.  The repurchased Debentures have been cancelled.

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. ROSATOM State Atomic Energy Corporation, through its affiliates, owns 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

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2014/02/c7006.html

CO: Uranium One Inc. ST: Ontario NI: MNG NEWSTK

-0- Jan/02/2014 22:06 GMT

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