Algold Resources Ltd concludes acquisition of First Uranium Corp

Friday, 20 Dec 2013 12:45am EST 

Algold Resources Ltd and First Uranium Corp:Says on Dec. 19, Algold completed the plan of arrangement between First Uranium Corp and Algold and effective Dec. 20.Says it has acquired all of the issued and outstanding units of FIU.Says FIU shareholders will receive 0.0729849 of an Algold share for each FIU unit held.Says In addition, for every full Algold share issued to an FIU shareholder, such holder will receive ½ of one Algold common share purchase warrant (the Algold Warrants).Says each full Algold warrant entitles the holder thereof to purchase one Algold share at a price of $0.20 per Algold share at any time for a period of eighteen months following the issuance of the Algold Warrants. 

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