| Mon 26 Mar 2012, 8:43 | | FUM - First Uranium Corporation - First Uranium and Gold One extend date to |
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FUM
FIU
FUM - First Uranium Corporation - First Uranium and Gold One extend date to
execute definitive agreement for sale of Ezulwini Mine
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
FIRST URANIUM AND GOLD ONE EXTEND DATE TO EXECUTE DEFINITIVE AGREEMENT FOR SALE
OF EZULWINI MINE
TORONTO AND JOHANNESBURG - March 26, 2012 - First Uranium Corporation (TSX: FIU;
JSE: FUM)(ISIN: CA33744R1029)("FIU" or the "Company") on March 2, 2012 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 the Company 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 which date was extended to March 23,
2012. FIU and Gold One have agreed to further extend the date to enter into the
Transaction Agreement to on or before March 30, 2012.
For further information, please contact
John Hick or Mary Batoff
(416) 306-3072
mary@firsturanium.ca
Sponsor: Investec Bank
26 March 2012
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). The Company`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
Company`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 Inc. No assurance can be given that
the Company 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.
Johannesburg
26 March 2012
Sponsor
Investec Bank Limited
Date: 26/03/2012 08:43:00 Produced by the JSE SENS Department.
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