TORONTO AND JOHANNESBURG, Feb. 21, 2013 /CNW/ - First Uranium
Corporation (NEX:FIU.H), (JSE:FUU) (ISIN:CA33744R5087) ("First Uranium"
or "the Corporation") announces that it will make a second distribution
(the "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 (the "Units") of record
as of the close of business on March 15, 2013 (the "Record Date") will
be entitled to receive the Distribution. For details of the initial
distribution to shareholders, please see the Corporation's news release
dated September 11, 2012, a copy of which is available on SEDAR.
Each Unit is currently comprised of 87.5 Class A Special Shares and 1
Class B Common Share. The Corporation will redeem pro rata 10.2 Class A Special Shares (the "Redemption") for every 87.5 of the
Class A Special Shares of First Uranium held by each shareholder on the
Record Date at a price per Class A Special Share of Cdn$0.01 for a
total of Cdn$0.102 per Unit. Following the Redemption, each Unit will
be comprised of 77.3 Class A Special Shares and 1 Class B Common Share.
There will be no reduction in the number of Units held by a shareholder
as a result of the Redemption.
Holders of Units recorded on the register maintained by Computershare
Investor Services Proprietary Limited and traded on the JSE Limited
will receive the Distribution in South African rand at a price per
Class A Special Share of ZAR0.087156 for a total of ZAR0.88899 per
No share certificates may be transferred between the Canadian share
register and the South African share register between March 11, 2013
and March 15, 2013, both days inclusive. In addition, no share
certificates registered on the South African share register may be
dematerialized/rematerialized during this period.
Shareholders will receive the Distribution as a return of stated capital
on the Class A Special Shares. See the Corporation's Management
Information Circular dated May 4, 2012 for additional information
concerning certain Canadian federal income tax consequences of the
Distribution, a copy of which is available on SEDAR.
Shareholders will not be required to surrender share certificates
representing the Units in order to receive the Distribution. The
Corporation, through its transfer agent, will record the Redemption of
Class A Special Shares on the Corporation's share register.
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
Corporation's plans involve various estimates and assumptions and its
business is subject to various risks and uncertainties. For more
details on these estimates, assumptions, risks and uncertainties, see
the 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. Accordingly,
readers should not place undue reliance on forward-looking statements
that are included herein, except in accordance with applicable
SOURCE: First Uranium Corporation
For further information:
Mary Batoff: (416) 306‐3072, email@example.com