Proxies Advise Shareholders Accept First Uranium Sale

Mining Weekly reported two Canadian proxy advisory firms have recommended First Uranium (TSX:FIU) shareholders vote to sale two key operations.

As quoted in the market news:

Glass Lewis and Institutional Shareholder Services (ISS) both backed management’s statements that the proposed sales were in the best interests of shareholders and the company, the Toronto- and Johannesburg-quoted company said on Wednesday.

A group of minority shareholders have criticised the sale of the Ezulwini mine, located west of Johannesburg, to Chinese-owned Gold One for $70-million and Mine Waste Solutions to AngloGold Ashanti for $335-million, saying the assets are worth more.

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