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