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Gold One International: Sale Of Ezulwini Mine Date Extended With First Uranium

Gold One International (ASX: GDO, JSE: GDO) has announced that the company has agreed with First Uranium Corporation to extend the date for entering into definitive transaction agreements regarding Gold One's acquisition of the Ezuwlini Mine to on or before 30 March 2012.

On 2 March 2012, Gold One announced that it had entered into a binding letter agreement with First Uranium to acquire 100% of the issued shares of, and all shareholders' claims against, Ezulwini Mining Company held by First Uranium's wholly-owned subsidiary First Uranium Limited.

The total consideration is US$ 70 million (ZAR 539.7 million) and the Letter Agreement is subject to a number of conditions precedent, including that parties enter into definitive transaction agreements on or before the extended date of 30 March 2012.