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prnews
TORONTO and JOHANNESBURG, March 4 /PRNewswire-FirstCall/ - First Uranium Corporation
(TSX:FIU, JSE:FUM) ("First Uranium" or the "Company")
(ISIN:CA33744R1029) announced today that Mr. Clinton Halsey has
tendered his resignation from the Board of Directors of the Company.
Mr. Halsey is an Executive Director and Chief Financial Officer of
Village Main Reef Gold Mining Company (1934) Limited, which has
proposed plans to merge with Simmer and Jack, Limited ("Simmers").
Simmers is First Uranium's largest shareholder and, as such, Mr. Halsey
has resigned to avoid any conflict of interest that may arise.
Mr. Halsey's resignation takes effect immediately. The Board of
Directors of First Uranium wishes to thank him for his past service and
contribution to the company.
About First Uranium Corporation
First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of
becoming a low-cost producer of uranium and gold through the expansion
of the underground development to feed the new uranium and gold plants
at the Ezulwini Mine and through the expansion of the plant capacity of
the Mine Waste Solutions (MWS) tailings recovery facility, both
operations situated in South Africa. First Uranium also plans to grow
production by pursuing value-enhancing acquisition and joint venture
opportunities in South Africa and elsewhere.
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 Company's plans involve various
estimates and assumptions and its business and operations are subject
to various risks and uncertainties. For more details on these
estimates, assumptions, risks and uncertainties, see the Company'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.firsturanium.com
SOURCE First Uranium Corporation
