Uranium One Closes Going Private Transaction

About this update from Uranium One Mining Corp.

[{"type":"text","content":"\n\n\nTORONTO, Oct. 18, 2013 /CNW/ - Uranium One Inc. (\"Uranium One\" or the\n \"Corporation\") today announced  the closing of its going private\n arrangement transaction, pursuant to which Uranium One Holding N.V.\n (formerly Effective Energy N.V.), an affiliate of JSC Atomredmetzoloto\n (\"ARMZ\"), acquired all of the outstanding common shares of Uranium One\n that it and its affiliates did not previously own.\n\n\nPayment of the cash consideration of C$2.86 per share for the shares\n acquired pursuant to the arrangement will be made by the depositary\n (contact information below).\n\n\nShareholders who hold their common shares through a broker or other\n intermediary may contact that broker or other intermediary for\n instructions and assistance in receiving the consideration for their\n shares. Shareholders who hold their common shares in certificated form\n are required to complete and sign a letter of transmittal (form of\n surrender for shareholders in South Africa) and deliver it, together\n with their share certificates and the other required documents to the\n depositary. Further information concerning these processes is outlined\n in the Corporation's management information circular dated February 8,\n 2013, a copy of which is available, along with the letter of\n 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.\n\n\nAny questions regarding the cash consideration, including any request\n for another letter of transmittal or form of surrender, should be\n directed to the depositary, Computershare Investor Services Inc., at\n its North American toll-free number: 1-800-564-6253; or (for South\n African shareholders) Computershare Investor Services (Proprietary)\n Limited, at its South African number: 086-110-0634 or +27-11-370-5000.\n\n\nWith the completion of the plan of arrangement, it is expected that the\n common shares of the Corporation will be de-listed from the Toronto\n Stock Exchange at the close of business on October 21, 2013 and from\n the JSE Ltd stock exchange on October 22, 2013.\n\n\nWithin 30 days the Corporation intends to make an offer to purchase the\n $259,985,000 aggregate principal amount of its convertible unsecured\n subordinated ...

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