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First Uranium rescued by shareholders, from financial disaster

First Uranium shareholders provide capital lifeline Winnepedg Free Press, By: THE CANADIAN PRESS 12 March 2010, TORONTO – First Uranium Corp. (TSX:FIU) is getting a much-needed infusion of capital from a major shareholder and a new chief executive.The Toronto-based gold and uranium company had warned last month that its financial condition had been “severely compromised” by problems getting government environmental approval for a future storage site in South Africa.

First Uranium shareholders provide capital lifeline – Winnipeg Free Press

March 13, 2010 - Posted by Christina Macpherson | business and costs, Canada | nuclear costs