Algold Resources Ltd. and First Uranium Corp. are pleased to announce that Algold completed the previously announced plan of arrangement between FIU and Algold and effective today, Algold has acquired all of the issued and outstanding units of FIU. FIU shareholders will receive 0.0729849 of an Algold share for each FIU Unit held. In addition, for [...]
First Uranium is pleased to announce that at the annual and special meeting of holders of units of FIU held today, the Shareholders approved the previously announced plan of arrangement whereby Algold Resources will acquire all of the outstanding units of FIU. The resolution approving the Arrangement was approved by approximately 95% of the votes [...]
As previously announced on October 29, 2013, First Uranium entered into a definitive agreement with Algold Resources pursuant to which Algold will acquire, by way of a court-approved plan of arrangement, all of the issued and outstanding units (FIU Units) of First Uranium. Pursuant to the terms of the Arrangement Agreement, it is intended that [...]
Algold and First Uranium are pleased to announce that they have entered into a definitive agreement pursuant to which Algold will acquire, by way of a court-approved plan of arrangement, all of the issued and outstanding units of FIU. Pursuant to the terms of the Agreement, FIU shareholders will receive 0.0729849 of an Algold share for each FIU [...]
First Uranium today announced its financial results for the three months ended June 30, 2013. During Q1 2013, First Uranium had 238,434,935 Units trading on the NEX. The Corporation also has a secondary listing on the JSE Limited and the Units trade under the symbol FUU. Each Unit is currently comprised of 77.3 Class A Special Shares and 1 Class B [...]
First Uranium today announced its financial results for the three and twelve months ended March 31, 2013. he Corporation disposed of its principal assets in Q2 2013. On July 20, 2012, the MWS tailings recovery project was sold to AngloGold Ashanti for cash proceeds of $335 million. The 7% secured convertible notes, 11% secured convertible notes [...]
First Uranium announced that the TSX Venture Exchange has issued the bulletin set out below regarding the second distribution to shareholders of First Uranium. If shareholders have any questions regarding the trading on a "due bills" basis, please contact your broker or investment advisor. Please note that the restriction on transfers between the [...]
First Uranium announces that it will make a second distribution on March 18, 2013 of Cdn$0.102 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 March 15 will be entitled to receive the Distribution. For details of the initial [...]
Following the disposal of First Uranium's principal assets in Q2 2013 and the repayment of all of its debt and other obligations, other than Cdn$4.5 million related to the 4.25% unsecured convertible debentures during Q2 2013, the Corporation made an initial distribution on October 1, 2012 of Cdn$0.125 (ZAR1.05) per unit to shareholders of the [...]
First Uranium today announced that it received US$5 million, being the balance of the US$70 million sale proceeds from the sale of First Uranium, which owns all of the shares of Ezulwini Mining Company. As previously reported on January 21, 2013, the Corporation received US$25 million, being the balance of the US$335 million purchase price for the [...]
First Uranium today announced that it received US$25 million, being the balance of the US$335 million purchase price for the shares of Mine Waste Solutions, which amount had been held in escrow pursuant to the sale agreement dated March 2, 2012 with AngloGold Ashanti. The US$5 million balance of the US$70 million sale proceeds from the sale of [...]
First Uranium today announced its financial results for the three and six months ended September 30, 2012.During the second quarter of FY 2013, the Corporation disposed of its two principal assets and utilized a substantial portion of the proceeds raised to redeem in full the 7% secured convertible notes and the 11% secured convertible notes, repay [...]
