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UUU - Uranium One Inc - Uranium One Announces Final Terms for U.S.$463.5 million
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
December 5, 2011
Uranium One Announces Final Terms for U.S.$463.5 million Offering of Bonds in
Russia
Toronto, Ontario - Uranium One Inc. ("Uranium One" or the "Company") today
announced that it has negotiated definitive commercial terms for a Russian bond
offering for gross proceeds of U.S.$463.5 million with an effective interest
rate of 6.74% (the "Offering").
Highlights
Gross proceeds of U.S.$463.5 million
Interest rate of 6.74%, payable semi-annually from the date of issue
Term of five years from the date of issue
Bonds to be listed for trading on the Russian MICEX stock exchange
The Offering is scheduled to close on December 7, 2011.
Chris Sattler, Chief Executive Officer of Uranium One said:
"Uranium One looks forward to completing this precedent setting transaction, the
first ever issuance of bonds by a foreign public company in the Russian
Federation."
The Company has entered into agreements with eligible investors for the issuance
of Ruble-denominated bonds (the "Bonds") having an aggregate principal amount of
U.S.$463.5 million. The Bonds will bear interest at a rate of 6.74%, payable
semi-annually from the date of issue.
The Bonds will be direct, unsecured, non-convertible, interest-bearing
obligations of the Company, subordinated to the Company`s outstanding 4.25%
Convertible Debentures due December 31, 2011 and to any present or future
secured obligations, and ranking equally with all other unsecured indebtedness
of the Company.
In connection with the Offering, Uranium One has entered into a Ruble/U.S.
dollar cross-currency swap agreement. The swap has a U.S. dollar fixed rate of
U.S.$1.00 = RUB 30.855 and was entered into by the Company in order to hedge the
Ruble denominated coupon payments and principal amount of the Bonds.
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
Chief Executive Officer
Tel: + 1 647 788 8500
Anton Jivov
Manager, Corporate Development and Investor Relations
Tel: +1 647 788 8461
Cautionary Statements
This press release does not constitute an offer to sell or a solicitation of an
offer to purchase any securities of Uranium One.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
The Bonds are offered for sale only in Russia and in such other jurisdictions in
which the offer and sale of the Bonds may be legally made and will not trigger
(i) any obligation to prepare and file a prospectus or similar disclosure
document, or (ii) any registration or other obligation on the part of Uranium
One.
The Bonds have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, nor will the Bonds be offered or sold to, or for the account or
benefit of, a person in the United States or a U.S. person, as such terms are
defined in Regulation S under the U.S. Securities Act.
The distribution of this press release and other information in connection with
the securities described herein in certain jurisdictions may be restricted by
law and persons into whose possession any document or other information referred
to herein comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This press release is directed only at persons who (i) are outside the United
Kingdom or (ii) persons falling within Article 19 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 ("Financial Promotion Order"),
being persons who have professional experience in matters relating to
investments or (iii) persons falling within Article 49 of the Financial
Promotion Order, being persons who are larger companies, larger unincorporated
associations, larger partnerships or high value trusts (all such persons
together being referred to as "Relevant Persons"). This press release is
directed only at Relevant Persons and must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment activity to
which this press release relates is available only to Relevant Persons and will
be engaged only with Relevant Persons. In addition, if and to the extent that
this press release is communicated in, or the offered securities to which it
relates is made in, any EEA member state that has implemented Directive
2003/71/EC (together with any applicable implementing measures in any member
state, the Prospectus Directive), this press release and the securities
described herein are only addressed to and directed at persons in that member
state who are qualified investors within the meaning of the Prospectus Directive
(or who are other persons to whom the offer may lawfully be addressed) and must
not be acted on or relied on by other persons in that member state. Persons of
any other description in the United Kingdom may not receive and should not act
or rely on this notice and the Documents or any other marketing materials
relating to the Bonds. Potential investors in the United Kingdom are advised
that all, or most, of the protections afforded by the United Kingdom regulatory
system will not apply to an investment in the Bonds and that compensation will
not be available under the United Kingdom Financial Services Compensation
Scheme. If the recipient of this communication is in any doubt about the
investment to which this notice and the Documents relates, they should consult a
person authorised under the Financial Services and Markets Act 2000 who
specialises in advising on investing in bonds.
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 June 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: 06/12/2011 08:00:01 Supplied by www.sharenet.co.za
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