| Thu 25 Oct 2007, 8:59 | | AFO - Aflease Gold - Convertible Bond Offering |
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AFO
AFO
AFO - Aflease Gold - Convertible Bond Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO
OR IN THE UNITED STATES, AUSTRALIA, CANADA, OR JAPAN OR TO US, AUSTRALIAN,
CANADIAN, OR JAPANESE PERSONS. THIS RELEASE IS FOR INFORMATION PURPOSES
ONLY AND DOES NOT CONSTITUTE AN OFFER OR AN ADVERTISEMENT OF AN OFFER OF
SECURITIES IN THE UNITED STATES, SOUTH AFRICA OR IN ANY OTHER JURISDICTION.
AFLEASE GOLD LIMITED
(Formerly Sub Nigel Gold Mining Company Limited)
Incorporated in the Republic of South Africa
(Registration number: 1984/006179/06)
Share code: AFO (JSE) AFSGY - International PrimeQX (OTCQX)
ISIN: ZAE000075867
("Aflease Gold" or the "Company")
CONVERTIBLE BOND OFFERING
Further to the announcement on Friday, 19 October 2007, of the placement of
ZAR 400 million of convertible bonds ("Bonds") due 2012 to international
institutional investors (subject to the fulfillment of the conditions set
out in the initial announcement), Aflease Gold announces that it has placed
a further ZAR 200 million of Bonds on the same pricing terms, taking the
total notional amount of the Bonds to ZAR 600 million.
Commenting on the convertible issue, Neal Froneman, CEO of Aflease Gold
said:
"This financing, once completed, will represent another significant
achievement and milestone with the Modder East project being fully funded.
Management will remain focused on operational delivery and ensure that this
project is brought into production in line with expectations."
The salient dates and times as well as the financial effects of the Bond
issue will be published in due course. Accordingly, shareholders are
advised to exercise caution when dealing with the Company`s securities
until a further announcement is made.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED
STATES. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES TO,
OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS SUCH TERM IS DEFINED IN
REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) UNLESS THEY ARE
REGISTERED OR EXEMPT FROM REGISTRATION. THERE WILL BE NO PUBLIC OFFER OF
SECURITIES IN THE UNITED STATES.
IN THE UNITED KINGDOM THIS ANNOUNCEMENT IS DIRECTED EXCLUSIVELY AT PERSONS
WHO FALL WITHIN ARTICLE 19 OR 49 OF THE FINANCIAL SERVICES AND MARKETS ACT
2000 (FINANCIAL PROMOTION) ORDER 2005 OR TO WHOM THIS ANNOUNCEMENT MAY
OTHERWISE BE DIRECTED WITHOUT CONTRAVENTION OF SECTION 21 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000. THE BONDS REFERRED TO IN THIS ANNOUNCEMENT
SHALL BE ISSUED ONLY TO SUCH PERSONS.
THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OF OR SUBSCRIPTION FOR SHARES TO
THE PUBLIC IN SOUTH AFRICA IN TERMS OF THE SOUTH AFRICAN COMPANIES ACT 1973
(AS AMENDED) OR TO SOUTH AFRICAN RESIDENTS IN TERMS OF THE SOUTH AFRICAN
EXCHANGE CONTROL REGULATIONS IN SO FAR AS THOSE SOUTH AFRICAN RESIDENTS DO
NOT HAVE THE APPROPRIATE APPROVALS FROM THE SOUTH AFRICAN RESERVE BANK TO
SUBSCRIBE FOR THE BONDS REFERRED TO IN THIS ANNOUNCEMENT.
Johannesburg
25 October 2007
Sole Placement Agent to Aflease Gold
Deutsche Bank AG London
Merchant bank and transaction sponsor to Aflease Gold
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Aflease Gold
Nedbank Capital
Corporate law advisers to Aflease Gold
Bowman Gilfillan Inc.
Date: 25/10/2007 08:59:56 Produced by the JSE SENS Department.
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