TORONTO, Sept. 25, 2013 /CNW/ - Uranium One Inc. (the "Corporation")
today announced that all required regulatory approvals have now been
received to complete the arrangement agreement between the Corporation,
JSC Atomredmetzoloto ("ARMZ") and its affiliate Uranium One Holding
N.V. (formerly Effective Energy N.V.) under which Uranium One Holding
will acquire all of the common shares of Uranium One that it and its
affiliates do not already own for cash consideration of C$2.86 per
share. Closing of the transaction is now scheduled to take place on
Friday, October 18, 2013.
The transaction was approved on March 7, 2013 at a special meeting of
the Corporation's common shareholders and optionholders and has
received all required court approvals. Within 30 days of completion of
the transaction, Uranium One will make an offer to purchase the
$259,985,000 aggregate principal amount of its convertible unsecured
subordinated debentures due March 13, 2015 as required by the terms of
the debentures.
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 are
Uranium One's largest shareholder, owning approximately 492.2 million
(approximately 51.4% 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 transaction 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 satisfaction or waiver of certain other conditions
contemplated by the arrangement agreement, and changes in applicable
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.
