here are some news used to ring investorsFriday, 22 Jul 2011 02:38am EDT
AngloGold Ashanti Limited announced that it has entered into an agreement to acquire ownership over the 47,065,916 shares in First Uranium Corporation (First Uranium) held by Village Main Reef Limited (Village), which equates to a 19.79% interest in First Uranium, for CAD0.60 per share (ZAR4.3569 per share or USD0.64 per share) representing aggregate consideration of approximately CAD28 million (ZAR205 million or USD30 million) the rand equivalent of which is payable in cash by AngloGold Ashanti to Village. Prior to this acquisition AngloGold Ashanti held no interest in First Uranium. The acquisition was effected by AngloGold Ashanti for investment purposes. This investment will be reviewed from time to time by AngloGold Ashanti. Depending on various factors, including the receipt of applicable regulatory approvals, AngloGold Ashanti may in the future take such actions with respect to its investment in First Uranium as it deems appropriate including, without limitation, acquiring additional securities of First Uranium, selling or otherwise disposing of some or all of its securities of First Uranium or changing its intention with respect to any and all matters referred to above. Furthermore, Village has granted lock-up rights and rights of first refusal to AngloGold Ashanti for its remaining approximately 5.7% stake in First Uranium and its holding of approximately ZAR392.8 million convertible notes issued by First Uranium. Full Article
First Uranium Corporation announced that it has completed its previously announced offering (the Offering) of 46,000,000 common shares of First Uranium at a price of $1.00 per share. The agents also exercised in full their over-allotment option to acquire an additional 6,000,000 common shares at a price of $1.00 per share, resulting in the Company selling an aggregate of 52,000,000 common shares for total gross proceeds of $52,000,000. The syndicate for the Offering was led by RBC Capital Markets and included Raymond James Ltd., BMO Capital Markets, Macquarie Capital Markets Canada Ltd. and Paradigm Capital Inc. The Company intends to use the net proceeds from the Offering for: capital expenditures for the Ezulwini Mine; capital expenditures and rehabilitation work for the MWS Project; and general corporate purposes. Full Article
This has been done to bring investors to become shareholders........ I used this info to get in, it looked great these days but now it is a very sad day.......
DEON is screwing us and the board should not vote for this ,, it is too low of an offer..................