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.

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