TORONTO AND JOHANNESBURG, June 13, 2012 /CNW/ - 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
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.
SOURCE First Uranium Corporation
For further information:
John Hick or Mary Batoff