Business
UrAsia Energy announces court approval for plan of arrangement
UrAsia Energy announces court approval for plan of arrangement.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol (TSXV: UUU and AIM: UUU)\n\n\nVANCOUVER, April 13 /CNW/ - UrAsia Energy Ltd. ("UrAsia") announced today\nthat it obtained the Final Order from the Supreme Court of British Columbia on\nApril 12, 2007. UrAsia currently expects the proposed Plan of Arrangement with\nsxr Uranium One Inc. to become effective in the second half of April 2007,\nupon receipt of the remaining required government and regulatory approvals.\n\n\nUnder the terms of the Plan of Arrangement, UrAsia shareholders will\nreceive 0.45 common shares of sxr Uranium One Inc. for each issued share of\nUrAsia.\n\n\nRegistered shareholders of UrAsia will be required to submit their share\ncertificates and Letters of Transmittal to Pacific Corporate Trust Company\nprior to receiving the sxr Uranium One Inc. shares to which they are entitled\nupon completion of the Plan of Arrangement.\n\n\nAbout UrAsia Energy\n\n\nUrAsia is a Canadian-based uranium producer that offers investors\nexposure to low-cost uranium production and growth. The Company creates\nshareholder value by focusing on the development and operation of low-cost,\nin-situ leach uranium projects in Central Asia. UrAsia is listed on the TSX\nVenture Exchange and the Alternative Investment Market (AIM) of the London\nStock Exchange, trading under the symbol UUU on both exchanges.\n\n\nOn behalf of UrAsia Energy Ltd.\n\n\n"Phillip Shirvington"\n\n\nPresident and Chief Executive Officer\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. The foregoing\ninformation may contain forward-looking statements relating to the future\nperformance of UrAsia Energy Ltd. Forward-looking statements, specifically\nthose concerning future performance, are subject to certain risks and\nuncertainties, and actual results may differ materially. These risks and\nuncertainties are detailed from time to time in the Company's filings with the\nappropriate securities commissions.\n\n\n","length":2088,"tagName":"div"}]