Gold One International has signed a binding sale of shares and claims agreement for the acquisition of 100% of the issued shares of and all shareholders claims against First Uranium for a total consideration of $70m.

First Uranium holds all of the issued shares of Ezulwini Mining Company.

The agreement is subject to the fulfillment or waiver of certain conditions precedent on or before 29 June 2012.

Gold One considers all conditions precedent can be achieved prior to that date.