| Thu 14 Jun 2012, 7:22 | | FUM - First Uranium Corporation - First Uranium shareholders noteholders |
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FUM
FIU
FUM - First Uranium Corporation - First Uranium shareholders, noteholders
and debentureholders overwhelmingly approve the proposed transactions with
Anglogold Ashanti and Gold One
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 SHAREHOLDERS, NOTEHOLDERS AND DEBENTUREHOLDERS OVERWHELMINGLY
APPROVE THE PROPOSED TRANSACTIONS WITH ANGLOGOLD ASHANTI AND GOLD ONE
TORONTO AND JOHANNESBURG - June 13, 2012 - First Uranium Corporation (TSX:
FIU) (JSE: FUM) (ISIN: CA33744R1029) ("FIU" or the "Company") is pleased to
announce that at a special meeting of the shareholders of FIU held earlier
today, shareholders voted overwhelmingly in favour of the resolutions
approving the transactions with each of AngloGold Ashanti Limited and Gold
One International Limited, as well as the ancillary resolutions necessary to
effect the two transactions. Of the Company`s shareholders, 57.1% were
represented in person or by proxy at the Shareholders Meeting. With respect
to the AngloGold Resolution, 91.7% of the shares voted at the Shareholders
Meeting were voted in favour of the special resolution approving the
AngloGold Transaction. With respect to the Gold One Resolution, 91.7% of
the shares voted at the Shareholders Meeting were voted in favour of the
special resolution approving the Gold One Transaction.
In addition, at the joint meeting of the holders of the senior secured
convertible notes of FIU and Mine Waste Solutions (Proprietary) Limited, 84%
of the noteholders were represented in person or by proxy. The noteholders
voted 93.5% in favour of the noteholder resolution, approving the terms of
supplemental indentures in respect of the Canadian Notes and the Rand Notes.
Finally, at a meeting of the holders of the senior unsecured convertible
debentures of FIU, 89.2% of the debentureholders were represented in person
or by proxy. The debentureholders voted 100% in favour of the
debentureholder resolution, approving the terms of a supplemental indenture
in respect of the debentures.
Mr. John Hick, lead independent director of FIU, stated, "The Company is
extremely gratified by the support shown by its stakeholders during these
very difficult times. We can now proceed to finalize all of the steps
necessary to complete the transactions."
The Company anticipates that the transactions will be completed by the end
of this month.
About First Uranium Corporation
First Uranium Corporation operates the Ezulwini Mine, an underground mining
operation, and Mine Waste Solutions, a tailings recovery facility. Both
operations are situated in South Africa.
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 Limited. Accordingly, readers should not place undue reliance on
forward-looking statements that are included herein, except in accordance
with applicable securities laws.
www.firsturanium.com
For further information:
John Hick or Mary Batoff
(416) 306-3072
mary@firsturanium.ca
14 June 2012
Sponsor: Investec Bank Limited
Date: 14/06/2012 07:22:00 Produced by the JSE SENS Department.
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