| Wed 19 Sep 2007, 14:15 | | SIM - Simmers Partially Terminates Securities Lend |
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SIM
SIIF
SIM - Simmers Partially Terminates Securities Lending Agreement With Investec
Bank Limited
SIMMER AND JACK MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN: ZAE000006722
("Simmers")
SIMMERS PARTIALLY TERMINATES SECURITIES LENDING AGREEMENT WITH INVESTEC BANK
LIMITED
Simmers entered into a securities lending agreement (the "SLA") with Investec
Bank Limited ("Investec") dated April 30, 2007 pursuant to which Simmers loaned
to Investec up to 7.5 million common shares of First Uranium Corporation ("FIU")
for purposes of increasing the liquidity of FIU`s common shares on the Toronto
Stock Exchange and the JSE Limited. Simmers subsequently provided notice to
Investec that it wished to terminate the SLA with respect to 2.5 million FIU
common shares and on August 20, 2007 ownership of 2.5 million FIU common shares
was transferred back to Simmers by Investec. Excluding the 5 million FIU common
shares that continue to be subject to the SLA, Simmers holds 76,722,653 FIU
common shares, representing approximately 61% of the issued and outstanding
common shares of FIU.
For further information, please contact:
Simmer & Jack Mines, Limited
5 Press Avenue, Selby, Johannesburg 2025
www.simmers.co.za
or
Gail Strauss on +27 (0) 84 777 4060
JOHANNESBURG
19 September 2007
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
For information on First Uranium Corporation, please contact:
Gordon Miller, President and Chief Executive Officer at +27 11 830 0390 or Bob
Tait, VP Investor Relations at 416-558-3858 or bob@firsturanium.com
Date: 19/09/2007 14:15:01 Produced by the JSE SENS Department.
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