First Uranium Corp. has filed a final prospectus for its $203-million initial public offering of shares with Canadian securities regulators.

A syndicate of underwriters, led by RBC Capital Markets, has agreed to buy 29 million shares at $7 each, the company said Thursday.

The underwriters have also been granted an over-allotment option to buy up to 4.35 million additional shares within 30 days after closing of the offering, which is expected Dec. 20.

The Toronto Stock Exchange has conditionally approved listing the stock under the symbol FIU.

The company also said Thursday it will acquire certain assets, including shares of First Uranium and Ezulwini Mining Co., from South Africa's Simmer & Jack Mines Ltd., concurrent with the IPO closing.

The assets pertain to the proposed Ezulwini and Buffelsfontein uranium and gold projects in South Africa.

The Ezulwini project will involve recommissioning an underground uranium and gold mining operation while the Buffelsfontein project will involve the construction of a tailings reprocessing facility.

After the reorganization and IPO, Simmer & Jack will hold a 69.8 per cent interest in First Uranium if the over-allotment option is not exercised.

Net proceeds of the offering are to be used primarily to fund development of the Ezulwini and Buffelsfontein projects. It will also allow First Uranium to repay debt incurred by Simmer & Jack on Ezulwini Mining's behalf.