TORONTO AND JOHANNESBURG, Feb. 21,
2013 /CNW/ - 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.
No share certificates may be transferred between
the Canadian share register and the South African share register
between March 11, 2013 and
March 15, 2013, both days
inclusive. In addition, no share certificates registered on
the South African share register may be
dematerialized/rematerialized during this period.
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.
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 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
SOURCE First Uranium Corporation