Trading Symbol (TSXV: UUU and AIM: UUU)
VANCOUVER, April 13 /CNW/ - UrAsia Energy Ltd. ("UrAsia") announced today
that it obtained the Final Order from the Supreme Court of British Columbia on
April 12, 2007. UrAsia currently expects the proposed Plan of Arrangement with
sxr Uranium One Inc. to become effective in the second half of April 2007,
upon receipt of the remaining required government and regulatory approvals.
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
Registered shareholders of UrAsia will be required to submit their share
certificates and Letters of Transmittal to Pacific Corporate Trust Company
prior to receiving the sxr Uranium One Inc. shares to which they are entitled
upon completion of the Plan of Arrangement.
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