Key Developments: First Uranium Corp (FURAF.PK)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
First Uranium Corp Announces Second Distribution To Shareholders
First Uranium Corp announced that it will make a second distribution (the Distribution) on March 18, 2013 of CAD0.102 per unit to shareholders of the Corporation in the form of a redemption of the Class A Special Shares. Holders of the units (the "Units") of record as of the close of business on March 15, 2013 (the "Record Date") will be entitled to receive the Distribution. Full Article
First Uranium Corp Announces Initial Distribution To Shareholders
First Uranium Corp announced that it will make an initial distribution on October 1, 2012, of 12.5 cents per unit to shareholders of the corporation in the form of a redemption of the Class A special shares. Holders of the units of record as of the close of business on September 28, 2012, will be entitled to receive the distribution. Full Article
First Uranium Corp Announces Changes In Stock Listing
First Uranium Corp announced that, as previously reported, it made a voluntary application to delist from the Toronto Stock Exchange and applied to the NEX Board (the NEX) of the TSX Venture Exchange to list the units of First Uranium. The units will be delisted from the Toronto Stock Exchange at the close of the market on August 31, 2012 and the units will commence trading on the NEX on September 4, 2012. Full Article
Gold One International Limited Completes Acquisition Of Ezulwini Mining Company (Pty) Limited From First Uranium Corporation
Gold One International Limited announced that further to the announcement on July 23, 2012, the acquisition of First Uranium Limited, the holding company of Ezulwini Mining Company (Pty) Limited, was completed on August 1, 2012 for a purchase price of USD70 million following the receipt of the closing documents and the payment of the purchase price. Ezulwini will form part of the Cooke Underground Operations, which will continue to be headed by Syd Caddy. Full Article
First Uranium Corporation Receives Unsolicited Non- Binding Expression Of Interest For Ezulwini Mine
First Uranium Corporation announced that on April 17, 2012, First Uranium received an unsolicited expression of interest from Waterpan Mining Corporation (WMC) and Transalloys (Pty) Ltd. , to acquire the Corporation's Ezulwini Mine, including the opportunity to have 90 days from May 1, 2012 to undertake a due diligence review of the business. Following that due diligence exercise, WMC and Transalloys envisaged being in a position to make a definitive offer by August 1, 2012. The non-binding proposal suggested the acquirors would consider an advance of $10 million of the $80 million proposed purchase price to the Corporation as a form of short term bridge financing, however such advance would not be considered until after the completion of the due diligence exercise and no other terms with respect to such bridge financing were provided for in the letter. The non-binding proposal would extend the time period to approve the transaction beyond the June 30, 2012, maturity date of the Corporation's CAD150 million aggregate principal amount of 4.25% senior unsecured convertible debentures. There could be no assurance that, a definitive offer would be made nor at what price the final offer would be made nor that a definitive agreement could be successfully negotiated and closed. Full Article
First Uranium Corporation Lowers FY 2012 Production Guidance
First Uranium Corporation announced that it has downgraded fiscal 2012 guidance from a range of between 105,000 and 115,000 ounces to a range of between 98,000 and 100,000 ounces. MWS achieved 99,003 ounces. Full Article
Gold One International Limited To Acquire First Uranium Limited From First Uranium Corporation
Gold One International Limited announced that it has signed a binding Sale of Shares and Claims Agreement (the Acquisition Agreement) for the acquisition of 100% of the issued shares of, and all shareholders' claims against, First Uranium Limited (Cyprus) (FUL), which holds 100% of the issued shares of, and all shareholders' claims against, Ezulwini Mining Company (Pty) Limited (EMC), for a total consideration of USD 70 million (ZAR 539.7 million1) from First Uranium Corporation (First Uranium) (the Proposed Transaction). The Ezulwini Mine (Ezulwini) is located approximately 40 kilometers from Johannesburg, South Africa in the West Rand Goldfield of the Witwatersrand Basin and is contiguous to Gold One's Cooke Operations. Full Article
Gold One International Limited And First Uranium Corporation Extend Date To Execute Definitive Agreements For Sale Of Ezulwini Mine
Gold One International Limited and First Uranium Corporation announced that they have extended the date that the parties will enter into definitive transaction agreements regarding Gold One's acquisition of the Ezuwlini Mine to on or before March 30, 2012. On March 2, 2012, Gold One announced that it had entered into a binding letter agreement with First Uranium to acquire 100% of the issued shares of, and all shareholders' claims against, Ezulwini Mining Company (Pty) Limited (EMC) held by First Uranium's wholly owned subsidiary First Uranium Limited (Cyprus) (FUL), for a total consideration of USD70 million (ZAR539.7 million). Full Article
First Uranium Corporation And Gold One International Limited Extend Date To Execute Definitive Agreement For Sale Of Ezulwini Mining Company (Proprietary) Limited
First Uranium Corporation 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. The Company and Gold One have agreed to extend the date to enter into the Transaction Agreement to on or before March 23, 2012. Full Article
Gold One International Limited To Acquire 100% Of Ezulwini Mining Company (Pty) Limited From First Uranium Corporation's Subsidiary
Gold One International Limited announced that it has entered into a binding letter agreement with First Uranium Corporation (First Uranium) to acquire 100% of the issued shares of, and all shareholders' claims against Ezulwini Mining Company (Pty) Limited (EMC), held by First Uranium's wholly owned subsidiary First Uranium Limited (Cyprus) (FUL), for a total consideration of USD 70 million (ZAR 539.7 million) (the Letter Agreement). The Ezulwini Mine (Ezulwini) is located approximately 40 kilometers from Johannesburg, South Africa in the West Rand Goldfield of the Witwatersrand Basin and is contiguous to Gold One's Cooke Operations. Full Article
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