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    market news

    Proxies Advise Shareholders Accept First Uranium Sale

    Investing News Network
    May. 31, 2012 04:53PM PST
    Energy Investing

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

    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.

    Click here to read the full Mining Weekly report.

    market newstsx:fiu
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