UMN Uramin Inc

RNS Number:5915C
UraMin Inc
21 August 2007


Company: UraMin Inc

TIDM: UMN

Headline: CFMM Developpement becomes sole shareholder of UraMin Inc

Released: 21 August 2007


           CFMM DEVELOPPEMENT BECOMES SOLE SHAREHOLDER OF URAMIN INC

AREVA today announces that its indirect wholly-owned subsidiary, CFMM
Developpement, has become the sole shareholder of UraMin Inc ("UraMin" or "the
Company") following the completion of compulsory redemption proceedings in
accordance with the laws of the British Virgin Islands.

As described in a notice sent to shareholders of UraMin on 7 August 2007, UraMin
redeemed all of its issued and outstanding shares that were not held by AREVA
for an amount equal to US$7.75 per share. That notice provides further
information for former shareholders of UraMin seeking to receive the redemption
price, which is held by Computershare Investor Services Inc as agent for UraMin.
Any questions in this regard should be directed to Computershare Investor
Services Inc at +1 (514) 982 7555 or by e-mail at
corporateactions@computershare.com.

In connection with the redemption, the shares of UraMin were delisted from the
Toronto Stock Exchange on 20 August 2007. As previously announced, UraMin has
also requested the cancellation of its listing on the Alternative Investment
Market of the London Stock Exchange, which is expected to be effective on 4
September 2007.

Forward Looking Statements:


This announcement may include forward-looking statements. All statements other
than statements of historical fact included in this announcement, including
without limitation those regarding plans, objectives and expected performance,
are forward-looking statements. These forward-looking statements are based on
current expectations and projections about future events, including numerous
assumptions regarding present and future business strategies, operations, and
the environment in which the business will operate in the future.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as 'ambition', 'may', 'will', 'could', 'would',
'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'seek' or
'continue', or negative forms or variations of similar terminology. Such
forward-looking statements involve known and unknown risks, uncertainties,
assumptions and other factors. By their nature, forward-looking statements
involve risks, uncertainties and assumptions, such as future market conditions
and the behaviour of other market participants, which may cause the actual
results, performance or achievements of UraMin to differ materially from any
future results, performance or achievements expressed or implied by the forward
looking statements. Given these risks, uncertainties, and assumptions, you are
cautioned not to put undue reliance on any forward-looking statements. In
addition, the inclusion of such forward-looking statements should under no
circumstances be regarded as a representation that any results set out in such
statements will be achieved or that the underlying assumptions used will in fact
be the case. Other than as required by applicable law or the applicable rules of
relevant exchanges, neither AREVA nor CFMM Developpement has any intention or
obligation to update or revise any forward-looking statements included in this
announcement after the release of this announcement.


Further Information:


AREVA
Frederic Potelle
Tel: +33 134 961 408

UraMin Inc
Neil Herbert
Tel: +27 11 783 5056

Canaccord Adams Limited (Nominated Adviser to UraMin Inc)
Robin Birchall
Tel: +44 20 7050 6500



                                      END



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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