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URASIA ENERGY ANNOUNCES GOVERNMENT AND REGULATORY APPROVAL FOR PLAN OF ARRANGEMENT
Vancouver, Canada, April 20, 2007 – 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 2:00pm 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 UrAsia.
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
For more information visit www.sedar.com , www.urasiaenergy.com or contact Investor Relations in North America at 1-866-798-0824 or (604) 608-0824, Email: firstname.lastname@example.org. For UK investor enquiries, contact +44 (0) 207 466 5000.
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.
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