TORONTO, Canada and MOSCOW, Russia, Aug. 22, 2013 /CNW/ - Uranium One
today announced that it has negotiated definitive commercial terms and
closed the order book for its offering (the "Offering") of
approximately USD 378.8 million (RUB12,500,000,000) aggregate principal
amount of Series 2 Ruble Bonds, originally announced in the Company's
press release dated August 13, 2013. The Company further announced
that the order book for its public offering to repurchase the Company's
existing USD 433.3 million (RUB14,300,000,000) aggregate principal
amount of Series 1 Bonds, announced in the same press release, has also
closed (the "Repurchase"), with 83% of the existing bonds submitted for
repurchase.
Highlights of the Series 2 Bond Offering
-
The Offering was over-subscribed.
-
Expected gross proceeds of approximately USD 378.8 million
(RUB12,500,000,000)
-
Ruble interest rate of 10.25%.
-
Effective term of seven years from the date of issue.
-
Series 2 Bonds to be listed for trading on the Moscow Exchange.
-
The Offering is scheduled to close on August 23, 2013.
Highlights of the Series 1 Bond Repurchase
-
Holders of approximately USD 357.9 million (RUB11,809,941,000) aggregate
principal amount of the Series 1 Bonds have tendered to the Repurchase.
-
The Repurchase is scheduled to close on August 23, 2013.
-
Funding for the Repurchase will come from the proceeds of the Series 2
Offering.
-
The terms of the remaining USD 75.5 million (RUB2,490,059,000) Series 1
Bonds will remain unchanged with an effective U.S. dollar interest rate
of 6.74% and maturity of November 30, 2016.
(The U.S. dollar amounts given above are indicative and based on current
spot exchange rate of USD 1 = RUB 33.0; both series of bonds are
denominated and payable in rubles.)
The Offering and the Repurchase were arranged by CJSC "Sberbank CIB" (as
lead arranger) and Gazprombank.
This announcement is being made concurrently with one or more similar
Russian announcements in the form prescribed by the Russian Federal
Service for Financial Markets.
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. ARMZ and its affiliates
currently are Uranium One's largest shareholder, owning approximately
492.2 million (approximately 51.4% of the outstanding) common shares of
Uranium One, and have entered into an agreement to acquire the
remaining outstanding common shares of Uranium One, subject to receipt
of all necessary regulatory approvals.
Cautionary Statement
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
The Series 02 Bonds are offered for sale only in Russia and in such
other jurisdictions in which the offer and sale of the Series 02 Bonds
may be legally made and will not trigger (i) any obligation to prepare
and file a prospectus or similar disclosure document, or (ii) any
registration or other obligation on the part of Uranium One.
The Series 02 Bonds have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any U.S. state securities laws, nor will the Bonds be offered
or sold to, or for the account or benefit of, a person in the United
States or a U.S. person, as such terms are defined in Regulation S
under the U.S. Securities Act.
The distribution of this press release and other information in
connection with the securities described herein in certain
jurisdictions may be restricted by law and persons into whose
possession any document or other information referred to herein comes
should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of
the securities laws of any such jurisdiction.
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 and terms of the proposed offering and sale of
the Series 02 Bonds referred to herein and the use of the proceeds of
such offering, the completion and terms of the proposed repurchase of
Series 01 Bonds, 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 including, without limitation, the completion of the
proposed transactions, the state of the capital markets, and changes to
the content or application of the relevant laws or regulations, 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 proposed transaction could
be modified, restructured or not be completed, and 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 transaction 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.
![](http://rt.newswire.ca/rt.gif?NewsItemId=C7553&Transmission_Id=201308220931CANADANWCANADAPR_C7553&DateId=20130822)