Johannesburg, South Africa — 20 March 2012 – First Uranium has extended the deadline for entering into a deal with Gold One International “’ a dual listed mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa “’ on the sale of the Ezulwini gold and uranium mine.
Miningmx reports that the two companies announced earlier this month that they had agreed in principle that Gold One would buy Ezulwini from First Uranium for US$70 million. First Uranium is in the process of winding up its operations.
“The Gold One letter agreement is subject to a number of conditions precedent, including entering into a definitive transaction agreement on or before March 16, 2012,” read a First Uranium statement issued here.
“First Uranium and Gold One have agreed to extend the date to…on or before 23March 2012,” it added.
Source: Miningmx. For further details, click here.