AngloGold to spend $30m on 19.79% stake in First Uranium

Africa’s biggest gold miner AngloGold Ashanti said on Friday it would acquire a 19.79 percent stake in Canadian gold and uranium producer First Uranium Corp for $30 million.

AngloGold said it would buy the stake, which consists of 47 million shares and priced at $0.64 a share, from South Africa’s Village Main Reef Gold Mining.

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