Uranium One Provides Update on Going Private Transaction

About this update from Uranium One Mining Corp.

[{"type":"text","content":"\n\n\nTORONTO, June 12, 2013 /CNW/ - Uranium One Inc. (the \"Corporation\")\n today announced that the closing of the agreement between JSC\n Atomredmetzoloto, its affiliate Effective Energy, N.V. (collectively,\n \"ARMZ\") and the Corporation under which Uranium One would be taken\n private pursuant to a plan of arrangement is now expected to occur\n during the third quarter of 2013.\n\n\nThe transaction was approved on March 7, 2013 at a special meeting of\n Uranium One common shareholders and optionholders and has received all\n required court approvals.  Closing is subject to regulatory approvals\n in a number of jurisdictions, most of which have been received; the\n last such required approval is now expected during the third quarter.\n\n\nAbout Uranium One \n\n\nUranium One is one of the world's largest publicly-traded uranium\n producers with a globally diversified portfolio of assets located in\n Kazakhstan, the United States, Australia and Tanzania. ARMZ and its\n affiliates currently are Uranium One's largest shareholder, owning\n approximately 492.2 million (approximately 51.4% of the outstanding)\n 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 believed by Uranium One to have a reasonable basis, they\n are subject to important risks and uncertainties including, without\n limitation, approval of applicable governmental authorities, necessary\n Court approvals, the satisfaction or waiver of certain other conditi...

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