First Uranium Update On Ezulwini Mine Sale

First Uranium Corporation (TSX:FIU,JSE:FUU)  announced all of the conditions precedent to the Gold One Transaction have been satisfied or waived.

As quoted in the press release:

Each of the parties have confirmed such in writing and the Closing Date, as defined in the Gold One Agreement, is scheduled to occur on July 27, 2012, and the implementation of the Gold One Transaction is expected to occur on August 1, 2012.

The Corporation entered into a definitive agreement for the sale of First Uranium Limited, a wholly-owned subsidiary of the Corporation which owns all of the shares of Ezulwini Mining Company Limited to Gold One International Limited for $70 million in cash.

Click here to read the First Uranium Corporation (TSX:FIU) press release.