Uranium One Makes Offer to Repurchase Convertible Debentures

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[{"type":"text","content":"\n\n\nTORONTO, Nov. 15, 2013 /CNW/ - Uranium One Inc. (\"Uranium One\") today\n gave notice that it is making an offer (the \"Debenture Offer\") to\n purchase for cash all of its convertible unsecured subordinated\n debentures due March 13, 2015 (the \"Debentures\") at a price equal to\n 101% of the principal amount thereof plus accrued and unpaid interest\n up to, but excluding, January 2, 2014 (the \"Offer Price\").  The Offer\n Price will be payable on January 2, 2014 to all holders of Debentures\n who accept the Debenture Offer prior to 5:00 p.m. (Toronto time) on\n December 30, 2013.\n\n\nThe Debenture Offer follows the October 18, 2013 acquisition by Uranium\n One Holding N.V., a subsidiary of JSC Atomredmetzoloto, of all of the\n outstanding common shares of Uranium One not already owned by it and\n its affiliates pursuant to a plan of arrangement. The Debenture Offer\n is being made pursuant to the Debenture trust indenture dated as of\n March 12, 2010 between Uranium One and Computershare Trust Company of\n Canada, as trustee, which requires Uranium One to make an offer to\n repurchase the Debentures in the event of a change of control.\n\n\nA Notice of Change of Control and Offer to Purchase is being mailed to\n all beneficial owners of Debentures.  Debenture holders may accept the\n Debenture Offer in respect of all or a portion of their Debentures (in\n a minimum amount of $1,000 principal amount and multiples thereof).\n\n\nThe Debentures were issued by Uranium One in the \"book-entry only\"\n system and are registered in the name of, and held by or on behalf of,\n CDS as custodian for the CDS participants. In order to tender\n Debentures to the Debenture Offer, each holder must direct his or her\n investment dealer, stockbroker, bank, trust company or other nominee to\n accept the Debenture Offer in the manner required by his or her\n nominee. CDS will be issuing instructions to CDS Participants as to the\n method of tendering such Debentures.\n\n\nIf Holders of 90% or more of the aggregate principal amount of the\n Debentures outstanding on November 15, 2013 accept the Debenture Offer,\n Uranium One will have the right, but not the obligation, to elect to\n redeem all the Debentures that remain outstanding at the Offer Price\n and on the other terms and conditions provided in the Indenture.\n\n\nAbout Ur...

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