| Mon 16 Aug 2010, 17:31 | | FUM - First Uranium Corporation - To meet with Competition Tribunal |
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FUM
FIU
FUM - First Uranium Corporation - To meet with Competition Tribunal
First Uranium Corporation
(Continued under the laws of British Columbia, Canada)
(Registration number C0777384)
(South African registration number 2007/009016/10)
Share code: FUM
ISIN: CA33744R1029
NEWS RELEASE - August 16, 2010
First Uranium to meet with Competition Tribunal
Toronto and Johannesburg - First Uranium Corporation (TSX:FIU, JSE:FUM)
(ISIN:CA33744R1029) ("First Uranium" or "the Company") today announced that it
is investigating the circumstances which led the South African Competition
Tribunal ("the Tribunal") to lay a charge with the South African Police Service
against Rory Cole, a junior Financial Accountant of First Uranium Corporation,
following Mr Cole`s alleged failure to respond to a summons ordering him to be
present at a merger hearing or to produce relevant information in the proposed
acquisition by Bedrock Mining Support of the Letaba, Numbi and De Kaap
businesses of Mondi Limited, which are unrelated to the Company.
President and CEO, Deon van der Mescht, said that the Company respects the role
and the authority of the Tribunal and would not wilfully or knowingly have
failed to co-operate with any requests for information.
"I can only assume there has been some communication error. The Company has met
with the Tribunal this afternoon and has undertaken to provide the tribunal with
the information they have requested. As soon as the information has been
received, the Tribunal has indicated that it would not proceed with the
prosecution," said Mr van der Mescht.
About First Uranium Corporation
First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of becoming
a significant low-cost producer of uranium and gold through the expansion of the
underground development to feed the new uranium and gold plants at the Ezulwini
Mine and through the expansion of the plant capacity of the Mine Waste Solutions
tailings recovery facility, both located in South Africa.
Contact Information
Jim Fisher
Executive Vice President, Corporate Development
1-416-342-5636
1240-155 University Avenue
Toronto, Ontario, Canada
M5H 3B7
jim@firsturanium.ca
Cautionary Language Regarding Forward-Looking Information
This news release contains and refers to forward-looking information based on
current expectations. All other statements other than statements of historical
fact included in this release are forward-looking statements. Readers should not
place undue reliance on forward-looking statements that are included herein,
except in accordance with applicable securities laws.
www. firsturanium.com
16 August 2010
Sponsor: Investec Bank Limited
Date: 16/08/2010 17:31:01 Produced by the JSE SENS Department.
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