TORONTO AND MOSCOW, Aug. 26, 2013 /CNW/ - Uranium One Inc. ("Uranium
One" or the "Company") today announced that it has completed:
-
a public offering in Russia of seven-year ruble-denominated Series 2
Bonds for gross proceeds of US$378.8 million (RUB12,500,000,000) with a
ruble interest rate of 10.25%; and
-
a simultaneous public offering to repurchase, through the facilities of
the Moscow Exchange, US$357.6 million (RUB11,800,000,000) of the
Company's outstanding US$433.3 million (RUB14,300,000,000) aggregate
principal amount five-year Series 1 Bonds with a ruble interest rate of
9.75%.(1)
The Series 2 Bonds will be listed for trading on the Moscow Exchange
under the symbol RU000A0JRTT9.
The refinancing does not affect the Company's pending going private
transaction, which is still anticipated to be completed by the end of
Q3 2013.
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.
Notes:
-
The U.S. dollar amounts given above are indicative and based on the
current spot exchange rate of USD 1 = RUB 33.0; both series of bonds
are denominated and payable in rubles.
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.
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 transactions in which Uranium One is
engaged or expects to be engaged, the use of the proceeds of any
offering, 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.
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