| Fri 11 Nov 2011, 16:52 | | UUU - Uranium One Inc - Registration of Prospectus for Offering of Bonds |
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UUU
UUU
UUU - Uranium One Inc - Registration of Prospectus for Offering of Bonds
in Russia
Uranium One Inc
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: UUU & ISIN: CA91701P1053
Share code on the TSX: UUU & ISIN: CA91701P1053
News Release
November 11, 2011
Registration of Prospectus for Offering of Bonds in Russia
Toronto, Ontario - Uranium One Inc. ("Uranium One") today announced that
it has registered a shelf prospectus with the Russian Federal Service
for Financial Markets for an offering of unsecured, non-convertible,
interest-bearing and certificated ruble-denominated bonds, having a term
of up to 10 years (the "Bonds"). The offering is subject, among other
things, to the negotiation of definitive commercial terms and to the
approval of the Uranium One Board of Directors. There can be no
assurance, either that commercial terms satisfactory to Uranium One will
be negotiated or that the Board of Directors will approve the offering.
The Bonds are issuable in two series, consisting of Series 1, having an
aggregate principal amount of up to Ruble 16.5 billion (approximately
US$540 million), and Series 2, having an aggregate principal amount of
up to Ruble 12.5 billion (approximately US$410 million). If issued, the
Bonds will be admitted to trading on the Russian MICEX stock exchange
and offered solely in the Russian Federation.
This announcement is being made concurrently with a similar Russian
announcement prescribed by the Russian Federal Service for Financial
Markets. If Uranium One decides to proceed with the offering, the
details of the offering, including the series and aggregate principal
amount, tenor and coupon rate, will be disclosed in subsequent news
releases in accordance with applicable Russian legal requirements.
About Uranium One
Uranium One is one of the world`s largest publicly traded uranium
producers with a globally diversified portfolio of assets located in
Kazakhstan, the United States, and Australia.
For further information, please contact:
Chris Sattler Anton Jivov
Chief Executive Officer Manager, Corporate Development
and Investor Relations
Tel: + 1 647 788 8500 Tel: +1 647 788 84
Cautionary Statement
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Forward-looking statements: This press release contains certain forward-
looking statements. Forward-looking statements include but are not
limited to those with respect to the offering and sale of the Bonds
referred to herein and the use of the proceeds of such offering. In
certain cases, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes" or variations of
such words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Uranium One to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such risks and uncertainties
include, among others, the completion of the transactions in which
Uranium One is engaged or expects to be engaged, the state of the
capital markets, changes to the content or application of the relevant
laws or regulations, the future steady state production and cash costs
of Uranium One, the actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, possible variations in grade and ore
densities or recovery rates, failure of plant, equipment or processes to
operate as anticipated, accidents, labour disputes or other risks of the
mining industry, delays in obtaining government approvals or financing
or in completion of development or construction activities, risks
relating to the integration of acquisitions and the realization of
synergies relating thereto, to international operations, to prices of
uranium as well as those factors referred to in the section entitled
"Risk Factors" in Uranium One`s Annual Information Form dated March 31,
2011 for the year ended December 31, 2010 and the section entitled
"Risks and Uncertainties" in Uranium One`s Management`s Discussion &
Analysis for the period ended September 30, 2011, each of which is
available on SEDAR at www.sedar.com, and which should be reviewed in
conjunction with this document. Although Uranium One has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Uranium One expressly disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except in accordance
with applicable securities laws.
For further information about Uranium One, please visit
www.uranium1.com.
Sponsor
Nedbank Capital
Date: 11/11/2011 16:52:10 Produced by the JSE SENS Department.
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