First Uranium Receives Balance of Mine Waste Solutions Sale from AngloGold

Mining Weekly reported that First Uranium has already received the $25 million balance from the $335 million sale of its subsidiary, Mine Waste Solutions, which was sold to AngloGold Ashanti and held in escrow under the March 2, 2012 sale agreement.

As quoted in the market news:

The $5-million balance of the $70-million proceeds from the sale of First Uranium, which owns Ezulwini Mining, to Gold One International continues to be held in escrow pending the end of the Gold One escrow period on February 1, after which this amount, less any claims made and payable under the Gold One agreement, if any, would be paid to First Uranium.

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