Business
Aflease Gold Appoints N M Rothschild as Exclusive Financial Adviser
Aflease Gold Appoints N M Rothschild as Exclusive Financial Adviser.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nTrading Symbol: SXR - Toronto Stock Exchange, Johannesburg Stock Exchange\n\nTORONTO, ON and JOHANNESBURG, South Africa, Nov. 2 /CNW/ - sxr Uranium\nOne Inc. (\"Uranium One\") announced today that its Aflease Gold Limited\n(\"Aflease Gold\") affiliate has appointed N M Rothschild & Sons to act as its\nindependent financial adviser with regard to the Modder East Gold Project\n(\"The Project\").\nAflease Gold expects to raise R300 million (approximately US$41/C$44.8\nmillion) in project finance to further fund the Modder East Gold Project, with\nthe first gold pour scheduled for the third quarter of 2009.\n\nAbout Aflease Gold\n\nAflease Gold is a South African gold resource company listed on the JSE\nLimited (the Johannesburg stock exchange). The company owns the Modder East\nGold Project, currently under construction, as well as the Sub Nigel, New\nKleinfontein, Turnbridge and the Holfontein Gold Projects, all on the East\nRand; the Ventersburg Gold Project in the Free State gold field; and the\nEtendeka Gold Project in Namibia. Aflease Gold was formed in January 2006\nthrough the reverse takeover of Sub Nigel Gold Mining Company by New\nKleinfontein Mining Company, a wholly-owned subsidiary of sxr Uranium One Inc.\nThe company is currently owned as to approximately 71% by sxr Uranium One and\nhas a market capitalization in excess of R1billion.\n\nAbout sxr Uranium One\n\nsxr Uranium One Inc. is a Canadian uranium and gold resource company with\na primary listing on the Toronto Stock Exchange and a secondary listing on the\nJSE Limited. The Corporation owns the Dominion Uranium Project in South Africa\nand the Honeymoon Uranium Project in South Australia, and is actively pursuing\ngrowth opportunities in the uranium sector in the western United States. The\nCorporation holds an approximate 71% interest in Aflease Gold Limited, which\nowns the Modder East gold project in South Africa. Through a joint venture\nwith Pitchstone Exploration Ltd., the Corporation is also engaged in uranium\nexploration activities in the Athabasca Basin of Saskatchewan.\n\nForward-looking statements: Certain of the statements made herein,\nincluding any information as to the Corporation's future financial or\noperating performance, may be forward-looking and subject to important risk\nfactors and uncertainties, many of which are beyond th...