| Mon 19 Mar 2012, 7:20 | | MWNT - Mine Waste Solutions - First Uranium and gold one extend date to execute |
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JSE FUM MWNT
MWNT
MWNT - Mine Waste Solutions - First Uranium and gold one extend date to execute
definitive agreement for sale of Ezulwini Mine
Mine Waste Solutions (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/1443/07)
(a wholly-owned subsidiary of First Uranium Corporation)
JSE code MWNT ISIN: ZAE000156261
19 March 2012
FIRST URANIUM AND GOLD ONE EXTEND DATE TO EXECUTE DEFINITIVE AGREEMENT FOR SALE
OF EZULWINI MINE
TORONTO AND JOHANNESBURG - March 19, 2012 - Noteholders of Mine Waste Solutions
(Proprietary) Limited (JSE:MWNT) (ISIN: ZAE ZAE000156261)("the Company or MWS")
are referred to the announcement by First Uranium Corporation (TSX: FIU) (JSE:
FUM) (ISIN: CA33744R1029) released earlier on Sens today informing shareholders
of First Uranium Corporation, that on March 2, 2012, First Uranium Corporation
announced that it entered into a binding letter agreement (the "Gold One Letter
Agreement") providing for the sale of First Uranium Limited, a wholly-owned
subsidiary of First Uranium Corporation, which owns all of the shares of
Ezulwini Mining Company (Proprietary) Limited to Gold One International Limited
("Gold One"). The Gold One Letter Agreement is subject to a number of
conditions precedent including entering into a definitive transaction agreement
(the "Transaction Agreement") on or before March 16, 2012. First Uranium
Corporation and Gold One have agreed to extend the date to enter into the
Transaction Agreement to on or before March 23, 2012.
For further information, please contact
John Hick or Mary Batoff
(416) 306-3072
mary@firsturanium.ca
Sponsor:Investec Bank Limited
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 (or forward-looking
information). First Uranium Corporation`s plans involve various estimates and
assumptions and its business and operations are subject to various risks and
uncertainties. For more details on these estimates, assumptions, risks and
uncertainties, see the First Uranium Corporation`s most recent Annual
Information Form and most recent Management Discussion and Analysis on file with
the Canadian provincial securities regulatory authorities on SEDAR at
www.sedar.com. These forward-looking statements are made as of the date hereof
and there can be no assurance that such statements will prove to be accurate,
such statements are subject to significant risks and uncertainties, and actual
results and future events could differ materially from those anticipated in such
statements, including without limitation, the statements regarding the proposed
transactions with Gold One International Limited and AngloGold Ashanti Limited.
No assurance can be given that First Uranium Corporation will be successful in
concluding the proposed transactions and achieve the desired results.
Accordingly, readers should not place undue reliance on forward-looking
statements that are included herein, except in accordance with applicable
securities laws.
Date: 19/03/2012 07:20:02 Produced by the JSE SENS Department.
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