Uranium One Closes Going Private Transaction
October 18. 2013 (Source: 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.
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 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. 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.
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