TORONTO,
Dec. 13, 2013 /CNW/ - First Uranium
Corporation ("FIU" or the "Corporation") (NEX:FIU.H) is pleased to
announce that at the annual and special meeting (the "Meeting") of
holders of units of FIU (the "Shareholders") held today, the
Shareholders approved the previously announced plan of arrangement
(the "Arrangement") whereby Algold Resources Ltd. ("Algold") will
acquire all of the outstanding units of FIU ("FIU Units"). The
resolution approving the Arrangement was approved by approximately
95% of the votes cast by Shareholders present in person or
represented by proxy at the meeting.
The Arrangement remains subject to, among other
things, the final approval of the Ontario Superior Court of
Justice. The hearing for the final court order to approve the
Arrangement is scheduled to take place on December 16, 2013, with the effective date of the
Arrangement expected to occur on or about December 19, 2013.
In addition, the Corporation is pleased to
announce that the following matters presented for approval at the
Meeting were duly authorized and approved by Shareholders: the
election of all management nominees to the board of directors of
the Corporation, the appointment of PricewaterhouseCoopers Inc. as
the auditors of the Corporation for the ensuing year and the
authorization of the directors to fix the remuneration of the
auditors.
Further details on the above matters are set
forth in the management information circular of FIU dated
November 8, 2013 and in the report on
voting results of the Meeting, each accessible on the Corporation's
SEDAR corporate profile page at www.sedar.com.
Cautionary Statement 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 the management
information circular dated November 8,
2013, and the 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.
SOURCE First Uranium Corporation