TORONTO, Oct. 18, 2013 /CNW/ - Uranium One Inc. ("Uranium One" or the
"Corporation") today announced the closing of its going private
arrangement transaction, pursuant to which Uranium One Holding N.V.
(formerly Effective Energy N.V.), an affiliate of JSC Atomredmetzoloto
("ARMZ"), acquired all of the outstanding common shares of Uranium One
that it and its affiliates did not previously own.
Payment of the cash consideration of C$2.86 per share for the shares
acquired pursuant to the arrangement will be made by the depositary
(contact information below).
Shareholders who hold their common shares through a broker or other
intermediary may contact that broker or other intermediary for
instructions and assistance in receiving the consideration for their
shares. Shareholders who hold their common shares in certificated form
are required to complete and sign a letter of transmittal (form of
surrender for shareholders in South Africa) and deliver it, together
with their share certificates and the other required documents to the
depositary. Further information concerning these processes is outlined
in the Corporation's management information circular dated February 8,
2013, a copy of which is available, along with the letter of
transmittal and form of surrender, under the Corporation's profile at www.sedar.com and on the Corporation's web site at www.uranium1.com/index.php/en/investor/financial-reports-and-filings/regulatory-filings.
Any questions regarding the cash consideration, including any request
for another letter of transmittal or form of surrender, should be
directed to the depositary, Computershare Investor Services Inc., at
its North American toll-free number: 1-800-564-6253; or (for South
African shareholders) Computershare Investor Services (Proprietary)
Limited, at its South African number: 086-110-0634 or +27-11-370-5000.
With the completion of the plan of arrangement, it is expected that the
common shares of the Corporation will be de-listed from the Toronto
Stock Exchange at the close of business on October 21, 2013 and from
the JSE Ltd stock exchange on October 22, 2013.
Within 30 days the Corporation intends to 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
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. As a result of the arrangement,
ARMZ and its affiliates now own 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.