| Fri 22 Jul 2011, 8:38 | | ANG - AngloGold Ashanti Limited - Anglogold Ashanti to acquire interest in First |
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ANANO
ANG - AngloGold Ashanti Limited - Anglogold Ashanti to acquire interest in First
Uranium From Village Main Reef
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
ANGLOGOLD ASHANTI TO ACQUIRE INTEREST IN FIRST URANIUM FROM VILLAGE MAIN REEF
AngloGold Ashanti Limited ("AngloGold Ashanti") has entered into an agreement to
acquire ownership over the 47,065,916 shares in First Uranium Corporation
("First Uranium") held by Village Main Reef Limited ("Village"), which equates
to a 19.79% interest in First Uranium, for CAD0.60 per share (ZAR4.3569 per
share or USD0.64 per share) representing aggregate consideration of
approximately CAD28 million (ZAR205 million or USD30 million) the rand
equivalent of which is payable in cash by AngloGold Ashanti to Village. Prior
to this acquisition AngloGold Ashanti held no interest in First Uranium.
The acquisition was effected by AngloGold Ashanti for investment purposes. This
investment will be reviewed from time to time by AngloGold Ashanti. Depending
on various factors, including the receipt of applicable regulatory approvals,
AngloGold Ashanti may in the future take such actions with respect to its
investment in First Uranium as it deems appropriate including, without
limitation, acquiring additional securities of First Uranium, selling or
otherwise disposing of some or all of its securities of First Uranium or
changing its intention with respect to any and all matters referred to above.
Furthermore, Village has granted lock-up rights and rights of first refusal to
AngloGold Ashanti for its remaining approximately 5.7% stake in First Uranium
and its holding of approximately ZAR392.8 million convertible notes issued by
First Uranium.
This transaction will be notified to the Competition Authorities in South
Africa.
First Uranium is incorporated in Canada with a primary listing on the Toronto
Stock Exchange and a secondary listing on the JSE Limited. First Uranium is a
gold and uranium producer with two primary assets, both located in South Africa
- the Ezulwini Mine outside Westonaria, Gauteng and the Mine Waste Solutions
tailings recovery operation located adjacent to AngloGold Ashanti`s existing
Vaal River operations.
In addition to being Africa`s largest gold producer, AngloGold Ashanti is also
South Africa`s largest uranium producer. AngloGold Ashanti`s uranium production
during 2010 (as a by-product of its gold operations) amounted to 1.46 million
pounds.
A copy of the early warning report in respect of the acquisition of First
Uranium shares by AngloGold Ashanti required to be filed under applicable
Canadian securities laws can be found at www.sedar.com under First Uranium`s
profile or can be obtained from AngloGold Ashanti by contacting, Lynda Eatwell,
Company Secretary at 76 Jeppe Street, Marshalltown, 2107, South Africa or by
phone on +27 11 637 6000 or by fax on +27 11 637 6677 or by e-mail to
companysecretary@anglogoldashanti.com.
Johannesburg
22 July 2011
JSE sponsor: UBS
ENDS
Contacts
Tel: E-mail:
Alan Fine (Media) +27 11 637 6383 afine@AngloGoldAshanti.com
Mike Bedford (Investor) +27 11 637 6273 mbedford@anglogoldashanti.com
Stewart Bailey(Investor) +1 2128364303 sbailey@anglogoldashanti.com
Certain statements made in this communication, including, without limitation,
those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, cash costs and other operating results,
growth prospects and outlook of AngloGold Ashanti`s operations, individually or
in the aggregate, including the completion and commencement of commercial
operations of certain of AngloGold Ashanti`s exploration and production
projects, the completion of announced mergers and acquisitions transactions,
AngloGold Ashanti`s liquidity and capital resources, and expenditure and the
outcome and consequences of any litigation proceedings or environmental issues,
contain certain forward-looking statements regarding AngloGold Ashanti`s
operations, economic performance and financial condition. Although AngloGold
Ashanti believes that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations will
prove to have been correct. Accordingly, results could differ materially from
those set out in the forward-looking statements as a result of, among other
factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other
government actions including environmental approvals and actions, fluctuations
in gold prices and exchange rates, and business and operational risk management.
For a discussion of certain of these factors, refer to AngloGold Ashanti`s
annual report for the year ended 31 December 2010, which was distributed to
shareholders on 29 March 2011. The company`s 2010 annual report on Form 20-F,
was filed with the Securities and Exchange Commission in the United States on
May 31, 2011. AngloGold Ashanti undertakes no obligation to update publicly or
release any revisions to these forward-looking statements to reflect events or
circumstances after today`s date or to reflect the occurrence of unanticipated
events. All subsequent written or oral forward-looking statements attributable
to AngloGold Ashanti or any person acting on its behalf are qualified by the
cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main
page of its website at www.anglogoldashanti.com and under the "Investors" tab on
the main page. This information is updated regularly. Investors should visit
this website to obtain important information about AngloGold Ashanti.
Date: 22/07/2011 08:38:04 Produced by the JSE SENS Department.
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