Uranium One Announces Closing Date for Going Private Transaction

About this update from Uranium One Mining Corp.

[{"type":"text","content":"\n\n\nTORONTO, Sept. 25, 2013 /CNW/ - Uranium One Inc. (the \"Corporation\")\n today announced that all required regulatory approvals have now been\n received to complete the arrangement agreement between the Corporation,\n JSC Atomredmetzoloto (\"ARMZ\") and its affiliate Uranium One Holding\n N.V. (formerly Effective Energy N.V.) under which Uranium One Holding\n will acquire all of the common shares of Uranium One that it and its\n affiliates do not already own for cash consideration of C$2.86 per\n share. Closing of the transaction is now scheduled to take place on\n Friday, October 18, 2013.\n\n\nThe transaction was approved on March 7, 2013 at a special meeting of\n the Corporation's common shareholders and optionholders and has\n received all required court approvals.  Within 30 days of completion of\n the transaction, Uranium One will make an offer to purchase the\n $259,985,000 aggregate principal amount of its convertible unsecured\n subordinated debentures due March 13, 2015 as required by the terms of\n the debentures.\n\n\nAbout Uranium One \n\n\nUranium One is one of the world's largest uranium producers with a\n globally diversified portfolio of assets located in Kazakhstan, the\n United States, Australia and Tanzania. ARMZ and its affiliates are\n Uranium One's largest shareholder, owning approximately 492.2 million\n (approximately 51.4% of the outstanding) common shares of Uranium One.\n\n\nCautionary Statement\n\n\nNo stock exchange, securities commission or other regulatory authority\n has approved or disapproved the information contained herein.\n\n\nForward-looking statements: \n\n\nThis press release contains \"forward-looking statements\" within the\n meaning of applicable securities laws that are intended to be covered\n by the safe harbours created by those laws, including statements that\n use forward-looking terminology such as \"may\", \"will\", \"expect\",\n \"anticipate\", \"believe\", \"continue\", \"potential\", or the negative\n thereof or other variations thereof or comparable terminology. Such\n forward-looking statements may include, without limitation, statements\n regarding the completion of the proposed transaction and other\n statements that are not historical facts. While such forward-looking\n statements are expressed by Uranium One, as stated in this release, in\n good faith and b...

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