Trading Symbol (TSXV: UUU and AIM: UUU)
VANCOUVER, April 20 /CNW/ - UrAsia Energy Ltd. ("UrAsia") announced today
that it has now obtained all government and regulatory approvals required to
complete the proposed Plan of Arrangement with sxr Uranium One. As a result,
the Plan of Arrangement is expected to become effective at 2:00 pm PST on
Friday, April 20, 2007.
Under the terms of the Plan of Arrangement, UrAsia shareholders will
receive 0.45 common shares of sxr Uranium One Inc. for each issued share of
About UrAsia Energy
UrAsia is a Canadian-based uranium producer that offers investors
exposure to low-cost uranium production and growth. The Company creates
shareholder value by focusing on the development and operation of low-cost,
in-situ leach uranium projects in Central Asia. UrAsia is listed on the TSX
Venture Exchange and the Alternative Investment Market (AIM) of the London
Stock Exchange, trading under the symbol UUU on both exchanges.
On behalf of UrAsia Energy Ltd.
President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The foregoing
information may contain forward-looking statements relating to the future
performance of UrAsia Energy Ltd. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate securities commissions.
For further information:
For further information: Investor Relations at 1-866-798-0824 or (604)
608-0824 or visit www.sedar.com, www.urasiaenergy.com. For UK investor
enquiries, contact +44 (0) 207 466 5000.