| Fri 6 Jul 2007, 15:00 | | SXR - sxr Uranium One Inc - Uranium One and Energy |
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SXR
SXR
SXR - sxr Uranium One Inc - Uranium One and Energy Metals Receive Advance
Ruling Certificate from Canadian Commissioner of Competition
sxr Uranium One Inc
(Incorporated in anada)
(Registration number: 15096422420)
Share code on the JSE: SXR & ISIN: CA87112P1062
Share code on the TSX: SXR & ISIN: CA87112P1062
Energy Metals Corporation
Suite 1238, 200 Granville Street
Vancouver, British Columbia V6C 1S4
Share code on the TSX: EMC
Share code on the NYSE: EMU
July 6, 2007
Uranium One and Energy Metals Receive Advance Ruling Certificate from
Canadian Commissioner of Competition
Toronto, Ontario; Vancouver, British Columbia; Johannesburg, South Africa -
Uranium One Inc. ("Uranium One") and Energy Metals Corporation ("EMC")
announced today that they have received an Advance Ruling Certificate (ARC)
from the Commissioner of Competition under the Competition Act (Canada) in
respect of the proposed acquisition of EMC by Uranium One.
Uranium One filed a submission with the Commissioner of Competition on June
22, 2007 in respect of the proposed acquisition and on July 4, 2007, the
Commissioner of Competition issued an ARC which amounts to Canadian
competition approval under the arrangement agreement and exempts Uranium One
and EMC from the merger notification provisions of the Competition Act.
About Uranium One
Uranium One Inc. is a Canadian-based uranium producing company with a primary
listing on the Toronto Stock Exchange and a secondary listing on the JSE
Limited (the Johannesburg stock exchange). The Corporation owns 70% of the
operating Akdala Uranium Mine in Kazakhstan and is also developing the South
Inkai and Kharasan Uranium Projects in Kazakhstan. Uranium One owns the
Dominion Uranium Project in South Africa, as well as the Honeymoon Uranium
Project in South Australia. The Corporation recently acquired the Shootaring
Canyon Mill and associated assets in the western United States. Uranium One
is also engaged in uranium exploration activities in the Athabasca Basin of
Saskatchewan, South Africa, Australia and the Kyrgyz Republic.
About Energy Metals Corporation
Energy Metals Corporation is a TSX and NYSE Arca listed company focused on
advancing its industry leading uranium property portfolio towards production
in what is the world`s largest uranium consumer market, the United States of
America. Energy Metals Corporation has extensive advanced property holdings
in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery).
This form of uranium mining was pioneered in Texas and Wyoming and utilizes
oxygenated groundwater to dissolve the uranium in place and pump it to the
surface through water wells. Energy Metals is currently development drilling
the La Palangana uranium deposit and upgrading the Hobson Uranium Processing
Plant in Texas for an anticipated 2008 production date. Energy Metals is
also actively advancing other significant uranium properties in the States of
Colorado, Utah, Nevada, Oregon and Arizona.
For further information, please contact:
Neal Froneman Paul Matysek, M.Sc., P. Geo.
Chief Executive Officer Chief Executive Officer
Uranium One Inc. Energy Metals Corporation
Tel: + 27 83 628 0226 Tel: + 1 604 684-9007
Chris Sattler William M. Sheriff, B.Sc.
Senior Vice President, Investor Relations Chairman
Uranium One Inc. Energy Metals Corporation
Tel: + 1 416 350-3657 Tel: + 1 972 333-2214
Cautionary Statement
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
For further information about Uranium One, please visit www.uranium1.com
Date: 06/07/2007 15:00:16 Produced by the JSE SENS Department.
