Johannesburg, South Africa — 02 July 2012 – Gold One International’s acquisition of First Uranium’s Ezulwini gold and uranium mine is to take a month longer than initially intended, and is scheduled for completion by the end of this month.
In a statement issued here, the company said that all the conditions precedent to the transaction – which was originally to have been finalised by 29 June – had been met, bar the sale of First Uranium’s other key asset, Mine Waste Solutions, to AngloGold Ashanti.
“In order to provide sufficient time for the AngloGold Ashanti transaction to be implemented, which is expected to occur on or before 24 July 2012, Gold One and First Uranium have agreed to extend the date of the transaction to 31 July, 2012,” the statement explained.
“All other material conditions precedent to the transaction have been satisfied or waived, including all of the regulatory approvals, to the extent required,” it added.
Source: Gold One International. For more information, click here.