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MTX
MEMTX
MTX - Metorex Limited - Company announcement
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
Issuer code: MEMTX
ISIN : ZAE000022745
("the company")
Company Announcement
6 December 2007
Metorex launches Offer to Minority Issued by
Shareholders of Copper Resources Corporation Metorex Limited
(`CRC`)
Shareholders of Metorex are referred to the 6 December 2007
announcement dated 6 November 2007 whereby
Shareholders were advised that the making of
the formal offer for CRC was conditional
upon: For further
information
1 The United Kingdom Listing Authority contact:
(`UKLA`) approving the issue of a prospectus
required to be submitted together with the Charles Needham
offer, and Chief Executive
2 Metorex entering into certain underwriting Officer
agreements to fund the cash alternative of
the offer. Tel: +27 11 880
3155
Metorex is pleased to announce that both of Fax: +27 11 880
these conditions have now been fulfilled, and 3322
accordingly, the formal offer document
together with the prospectus has now been
posted to CRC shareholders.
Under the terms of the offer, CRC
Shareholders will be entitled to receive 0.73
of a New Metorex Share for each CRC share, or
may elect to receive cash instead of New
Metorex Shares in respect of some or all of JSE; LSE, ADR-
their CRC shares. The cash alternative will BoNY
be 125.1 pence in cash for each CRC share.
The proposed acquisition of CRC is in
accordance with Metorex`s objective of
developing long-life, quality orebodies and
would represent a further addition of Registered
significant copper interests in the DRC, office:
which complements Metorex`s current asset Cradock Heights
base. 21 Cradock
Avenue
The offer will initially be open for Rosebank
acceptance until 15h00 (GMT) on 28 December Johannesburg
2007. South Africa.
Charles Needham, CEO of Metorex, said:
`We believe the Metorex share offer is
particularly attractive to CRC shareholders,
as they get increased exposure to the mineral-
rich DRC opportunities, and spread of risk
through the Metorex diversified portfolio.
Metorex has significant experience and
expertise in fast-tracking the development
and financing of projects in the DRC and the
sub-Saharan region generally.`
Metorex Limited
Johannesburg
South Africa
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty)
Limited
Date: 06/12/2007 10:28:26 Produced by the JSE SENS Department.
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