| Thu 29 Mar 2007, 14:22 | | FUM - First Uranium Corporation - News Release - A |
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JSE
FIU
FUM - First Uranium Corporation - News Release - Announces JSE secondary listing
FIRST URANIUM CORPORATION
Registration Number: C0777384
ISIN: CA33744R1029
Share code: FUM
("First Uranium" or "the Company")
NEWS RELEASE - March 29, 2007
For Immediate Release
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES
FIRST URANIUM ANNOUNCES JSE SECONDARY LISTING
Johannesburg, South Africa, March 29, 2007 - First Uranium Corporation (FIU:TSX
and FUM:JSE) ("First Uranium" or "the Company") today announced that the Company
has obtained a secondary listing of its Common Shares by JSE Limited (the
"JSE"), known as the Johannesburg Stock Exchange. With this secondary listing,
scheduled for Friday, March 30, the Company will not be issuing any additional
shares. As a result of this event, all of the same shares that are listed on
the Toronto Stock Exchange ("TSX") will also be listed for trading on the JSE.
In connection with the secondary listing, First Uranium prepared and submitted a
Pre-listing Statement with the JSE. In addition, the Company received approval
of the South African Reserve Bank ("SARB") to obtain a JSE listing. The Common
Shares will trade on the JSE under the share code "FUM".
"Most importantly, we see this listing as an opportunity for South Africans to
directly invest in a South African growth company," said Gordon Miller,
President and Chief Executive Officer of First Uranium. "This listing also
fulfills our commitment to SARB to list our Common Shares on the JSE within one
year of our TSX listing."
"We view the JSE listing as the best way to facilitate the maintenance of our
BEE share ownership," continued Mr. Miller. "The listing will increase
awareness of First Uranium in South Africa and enlarge our potential investor
base, which should lead to increased liquidity in our shares and more direct
investment by residents of South Africa."
The forward-looking statements in this news release are made as of the date
hereof and there can be no assurance that such forward-looking statements will
prove to be accurate as actual and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements that are included herein, except in
accordance with applicable securities laws.
First Uranium Corporation is focused on the development of South African uranium
and gold mines with the goal of becoming a significant producer through the re-
opening and development of the Ezulwini underground mine, and the construction
of the Buffelsfontein tailings recovery facility. First Uranium also plans to
grow production by pursuing acquisition and joint venture opportunities.
First Uranium Corporation
1240-155 University Avenue, Toronto, ON Canada M5H 3B7
www.firsturanium.com
For further information, please contact:
Gordon Miller, President and Chief Executive Officer at +27 11 830 0390 or Bob
Tait, VP Investor Relations at 416 486-4392 or bob@firsturanium.com
Date: 29/03/2007 14:22:01 Produced by the JSE SENS Department.
