Shareholders Agree to Closure of First Uranium

Globe and Mail reported shareholders have agreed to sell its gold and uranium assets in Africa, which will allow First Uranium (TSX:FIU) to begin winding down operations.

As quoted in the market news:

The ‘yes’ vote at a special shareholders meeting brings an end to months of uncertainty surrounding the company, which in its brief history saw market capitalization plummet from $1.4-billion at one point to about $50-million these days.

Click here to read the full Globe and Mail report.