First Uranium Corporation T.FIU

There goes the escrow fund

[colt451]

 

"The AngloGold Agreement includes representations, warranties and indemnities of the Corporation which are customary in transactions of this nature. In the event of any breach of a warranty, AngloGold will have recourse to the AGA Escrow Amount for a period ending on the later of (i) six months from the AngloGold Implementation Date; and (ii) December 31, 2012. If there are valid claims for loss or liability, which in the aggregate are less than US$3 million, AngloGold will have no claim on the AGA Escrow. If the aggregate valid claims exceed US$3 million, AngloGold may claim its entire loss up to the AGA Escrow Amount, but the Corporation will have no further liability to AngloGold under the AngloGold Agreement for any amount exceeding the AGA Escrow Amount. See “Particulars of the AngloGold Transaction – Terms of the AngloGold Agreement”. "