First Uranium Receives Final Payment from Gold One

Mining Weekly reported that First Uranium Corporation said it already received the $5 million balance of the $70 million payment which it obtained from Gold One International for the sale of First Uranium Limited, its South African subsidiary.

As quoted in the market news:

The corporation indicated that its board would determine, subject to the establishment of a reserve for any of its continuing and contingent obligations, an additional amount to be distributed to shareholders by the end of March, subject to the requirements of the stock exchanges.

Click here to read the full Mining Weekly report.

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