| Mon 26 Mar 2012, 8:44 | | MWNT - Mine Waste Solutions (Proprietary) Limited - First Uranium and Gold One |
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JSE FUM MWNT
MWNT
MWNT - Mine Waste Solutions (Proprietary) Limited - 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
FIRST URANIUM AND GOLD ONE EXTEND DATE TO EXECUTE DEFINITIVE AGREEMENT FOR SALE
OF EZULWINI MINE
TORONTO AND JOHANNESBURG - March 26, 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 which date was extended to March 23, 2012. First
Uranium Corporation 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). 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: 26/03/2012 08:44:01 Produced by the JSE SENS Department.
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