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Fiuranium -- Algold concludes acquisition
Algold Resources Ltd. and First Uranium Corporation announce that on December 19, 2013, Algold completed the previously announced plan of arrangement (the "Arrangement") between FIU and Algold and effective today, 20 December 2013, Algold has acquired all of the issued and outstanding units (FIU Units) of FIU.
FIU shareholders will receive 0.0729849 of an Algold share for each FIU Unit held. In addition, for every full Algold share issued to an FIU shareholder, such holder will receive ½ of one Algold common share purchase warrant (the "Algold Warrants"). Each full Algold Warrant entitles the holder thereof to purchase one Algold share at a price of USD0.20 per Algold share at any time for a period of eighteen months following the issuance of the Algold Warrants.
For more information on the Arrangement, please refer to the announcement issued on October 29, 2013.
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