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First Uranium announces Second Distribution to Shareholders
First Uranium Corporation
(Continued under the laws of Ontario, Canada)
(Registration number 2082276)
(South African registration number 2007/009016/10)
Share code: FUU ISIN: CA33744R5087
22 February 2013
First Uranium announces Second Distribution to Shareholders
Toronto and Johannesburg – First Uranium Corporation (NEX:FIU.H),(JSE:FUU)
(ISIN:CA33744R5087) (“First Uranium” or “the Corporation”) announces that it will make
a second distribution (the “Distribution”) on March 18, 2013 of Cdn$0.102 per unit to
shareholders of the Corporation in the form of a redemption of the Class A Special
Shares. Holders of the units (the “Units”) of record as of the close of business on March
15, 2013 (the “Record Date”) will be entitled to receive the Distribution. For details of
the initial distribution to shareholders, please see the Corporation’s news release dated
September 11, 2012, a copy of which is available on SEDAR.
Each Unit is currently comprised of 87.5 Class A Special Shares and 1 Class B Common
Share. The Corporation will redeem pro rata 10.2 Class A Special Shares (the
“Redemption”) for every 87.5 of the Class A Special Shares of First Uranium held by each
shareholder on the Record Date at a price per Class A Special Share of Cdn$0.01 for a
total of Cdn$0.102 per Unit. Following the Redemption, each Unit will be comprised of
77.3 Class A Special Shares and 1 Class B Common Share. There will be no reduction in
the number of Units held by a shareholder as a result of the Redemption.
Holders of Units recorded on the register maintained by Computershare Investor
Services Proprietary Limited and traded on the JSE Limited will receive the Distribution in
South African rand at a price per Class A Special Share of ZAR0.087156 for a total of
ZAR0.88899 per Unit.
Shareholders will receive the Distribution as a return of stated capital on the Class A
Special Shares. See the Corporation’s Management Information Circular dated May 4,
2012 for additional information concerning certain Canadian federal income tax
consequences of the Distribution, a copy of which is available on SEDAR.
Shareholders will not be required to surrender share certificates representing the Units
in order to receive the Distribution. The Corporation, through its transfer agent, will
record the Redemption of Class A Special Shares on the Corporation's share register.
The details of the Redemption are summarized below:
ISIN of Units CA33744R5087
Security Units (each Unit is comprised of 87.5 Class
A Special Shares and 1 Class B Common
Share)
JSE Code FUU
Short name First Uranium
Redeemed Securities 10.2 Class A Special Shares for every 87.5
of the Class A Special Shares of First
Uranium held by each shareholder.
Amount of Distribution Cdn$0.01 per Class A Special Share, by
way of a redemption of 10.2 Class A
Special Shares for every 87.5 of the Class A
Special Shares of First Uranium held by
each shareholder for a total of Cdn$0.102
per Unit.
Last Date to Trade Cum Distribution on JSE Friday, 08 March 2013
Shares to Trade Ex Distribution on JSE Monday, 11 March 2013
Record Date Friday, 15 March 2013
Payment Date Monday, 18 March 2013
No share certificates may be transferred between the Canadian share register and the
South African share register or dematerialized/rematerialized between Monday, 11
March 2013 and Friday, 15 March 2013 both days inclusive.
For further information:
Mary Batoff: +1 416 306 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
Corporation's plans involve various estimates and assumptions and its business is
subject to various risks and uncertainties. For more details on these estimates,
assumptions, risks and uncertainties, see the Corporation'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
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materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements that are included herein, except in
accordance with applicable securities laws.
www.firsturanium.com
Sponsor
Investec Bank Limited
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