UUU - Uranium One Inc - Uranium one completes C$260 Million bought deal
UUU
UUU
UUU - Uranium One Inc - Uranium one completes C$260 Million bought deal
financing of convertible unsecured subordinated debentures
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
Not for distribution to United States newswire services or for dissemination in
the United States
March 12, 2010
Uranium One Completes C$260 Million Bought Deal Financing of Convertible
Unsecured Subordinated
Debentures
Vancouver, British Columbia and Johannesburg, South Africa - Uranium One Inc.
announced that it had closed today a bought deal offering of convertible
unsecured subordinated debentures (the "Debentures") of the Company due March
13, 2015, for aggregate gross proceeds of C$260,000,000, including C$10,000,000
taken up under an underwriters` over-allotment option. The underwriting
syndicate for the offering was led by GMP Securities L.P. and included Canaccord
Financial Ltd., BMO Capital Markets, CIBC World Markets Inc., RBC Capital
Markets and Paradigm Capital Inc. The Debentures will commence trading on the
Toronto Stock Exchange today under the symbol UUU.DB.A.
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, South Africa and Australia.
For further information, please contact:
Jean Nortier
Chief Executive Officer
Tel: +1 604 601 5642
Chris Sattler
Executive Vice President, Corporate Development and Investor Relations
Tel: + 1 416 350 3657
Cautionary Statement
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
The securities described herein have not been and will not be registered
under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements.
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 price of uranium, the estimation of mineral resources and
reserves, the realization of mineral reserve estimates, the timing and amount of
estimated future production, costs of production, capital expenditures, costs
and timing of the development of new deposits, success of exploration
activities, permitting time lines, currency fluctuations, requirements for
additional capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and
limitations on
insurance coverage and the timing and possible outcome of pending
litigation. 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, changes in market conditions, the actual results of current
exploration activities, conclusions of
economic evaluations, changes in project
parameters as plans continue to be refined, project cost overruns or
unanticipated costs or expenses, 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,
exchange rate and uranium price fluctuations, delays in obtaining government
approvals or financing or in completion of development or construction
activities, changes in, and the effect of government policy, risks relating to
the benefits derived by the Corporation from strategic relationships, risks
relating to the integration of acquisitions, to international operations, to the
price of uranium as well as those factors referred to in the section entitled
"Risk Factors" in Uranium One`s Annual Information Form for the year ended
December 31, 2008, 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: 12/03/2010 16:16:01 Produced by the JSE SENS Department.
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