Uranium One Closes Refinancing of Ruble Bonds

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[{"type":"text","content":"\n\n\nTORONTO AND MOSCOW, Aug. 26, 2013 /CNW/ - Uranium One Inc. (\"Uranium\n One\" or the \"Company\") today announced that it has completed:\n\n\na public offering in Russia of seven-year ruble-denominated Series 2\n Bonds for gross proceeds of US$378.8 million (RUB12,500,000,000) with a\n ruble interest rate of 10.25%; and\n\n\na simultaneous public offering to repurchase, through the facilities of\n the Moscow Exchange, US$357.6 million (RUB11,800,000,000) of the\n Company's outstanding US$433.3 million (RUB14,300,000,000) aggregate\n principal amount five-year Series 1 Bonds with a ruble interest rate of\n 9.75%.(1)\n\nThe Series 2 Bonds will be listed for trading on the Moscow Exchange\n under the symbol RU000A0JRTT9.\n\n\nThe refinancing does not affect the Company's pending going private\n transaction, which is still anticipated to be completed by the end of\n Q3 2013.\n\n\nThis announcement is being made concurrently with one or more similar\n Russian announcements in the form prescribed by the Russian Federal\n Service for Financial Markets.\n\n\nNotes:\n\n\nThe U.S. dollar amounts given above are indicative and based on the\n current spot exchange rate of USD 1 = RUB 33.0; both series of bonds\n are denominated and payable in rubles.\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\n currently are Uranium One's largest shareholder, owning approximately\n 492.2 million (approximately 51.4% of the outstanding) common shares of\n Uranium One, and have entered into an agreement to acquire the\n remaining outstanding common shares of Uranium One, subject to receipt\n of all necessary regulatory approvals.\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\", \"poten...

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