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MWNT - Mine Waste Solutions (Proprietary) Limited - First Uranium
shareholders, noteholders and debentureholders overwhelmingly approve the
proposed transactions with Anglogold Ashanti and Gold One
Mine Waste Solutions (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number2000/1443/07)
(a wholly owned subsidiary of First Uranium Corporation)
JSE code MWNT, ISIN: ZAE000156261
("Mine Waste Solutions", "MWS" or "the Company")
FIRST URANIUM SHAREHOLDERS, NOTEHOLDERS AND DEBENTUREHOLDERS OVERWHELMINGLY
APPROVE THE PROPOSED TRANSACTIONS WITH ANGLOGOLD ASHANTI AND GOLD ONE
JOHANNESBURG - June 14, 2012 - Noteholders of Mine Waste Solutions
(Proprietary) Limited (JSE:MWNT) (ISIN: ZAE ZAE000156261)("the Company or
MWS") are referred to the announcement by First Uranium Corporation (TSX:
FIU) (JSE: FUM) (ISIN: CA33744R1029) released earlier on SENS today
announcing that at a special meeting of the shareholders of FIU held on June
13, 2012, shareholders voted overwhelmingly in favour of the resolutions
approving the transactions with each of AngloGold Ashanti Limited and Gold
One International Limited, as well as the ancillary resolutions necessary to
effect the two transactions. Of FIU`s shareholders, 57.1% were represented
in person or by proxy at the Shareholders Meeting. With respect to the
AngloGold Resolution, 91.7% of the shares voted at the Shareholders Meeting
were voted in favour of the special resolution approving the AngloGold
Transaction. With respect to the Gold One Resolution, 91.7% of the shares
voted at the Shareholders Meeting were voted in favour of the special
resolution approving the Gold One Transaction.
In addition, at the joint meeting of the holders of the senior secured
convertible notes of FIU and the Company, 84% of the noteholders were
represented in person or by proxy. The noteholders voted 93.5% in favour of
the noteholder resolution, approving the terms of supplemental indentures in
respect of the Canadian Notes and the Rand Notes. Finally, at a meeting of
the holders of the senior unsecured convertible debentures of FIU, 89.2% of
the debentureholders were represented in person or by proxy. The
debentureholders voted 100% in favour of the debentureholder resolution,
approving the terms of a supplemental indenture in respect of the
debentures.
Mr. John Hick, lead independent director of FIU, stated, "First Uranium is
extremely gratified by the support shown by its stakeholders during these
very difficult times. We can now proceed to finalize all of the steps
necessary to complete the transactions."
First Uranium anticipates that the transactions will be completed by the end
of this month.
For further information:
John Hick or Mary Batoff
(416) 306-3072
mary@firsturanium.ca
Cautionary Language Regarding Forward-Looking Information
This news release contains and refers to forward-looking information based
on current expectations. All other statements other than statements of
historical fact included in this release are forward-looking statements (or
forward-looking information). The Company`s and FIU`s plans involve various
estimates and assumptions and its business and operations are subject to
various risks and uncertainties. For more details on these estimates,
assumptions, risks and uncertainties, see the FIU`s most recent Annual
Information Form and most recent Management Discussion and Analysis on file
with the Canadian provincial securities regulatory authorities on SEDAR at
www.sedar.com. These forward-looking statements are made as of the date
hereof and there can be no assurance that such statements will prove to be
accurate, such statements are subject to significant risks and
uncertainties, and actual results and future events could differ materially
from those anticipated in such statements, including without limitation, the
statements regarding the proposed transactions with Gold One International
Limited and AngloGold Ashanti Limited. Accordingly, readers should not place
undue reliance on forward-looking statements that are included herein,
except in accordance with applicable securities laws.
14 June 2012
Sponsor: Investec Bank Limited
Date: 14/06/2012 07:27:00 Supplied by www.sharenet.co.za
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