DRC - DNR Capital Limited - Update On Implementati
DRC
DRC
DRC - DNR Capital Limited - Update On Implementation Of Acquisitions And Reverse
Takeover And Withdrawal Of Cautionary
DNR Capital Limited
(Previously Independent Financial Services Limited)
(Registration No. 1950/037061/06)
Share Code: DRC & ISIN Code: ZAE000110375
("DNR Capital" or "the company")
UPDATE ON IMPLEMENTATION OF ACQUISITIONS AND REVERSE TAKEOVER AND WITHDRAWAL OF
CAUTIONARY
Shareholders are referred to the cautionary announcement dated 26 February 2008
and the acquisitions and reverse takeover announcement, together with financial
effects, dated 25 March 2008 ("the detailed transaction announcement").
Shareholders are advised that the reciprocal due diligence investigations in
respect of Abalengani Mining Investment (Pty) Ltd ("AMI") and Kilken Platinum
(Pty) Ltd have been concluded to the satisfaction of both the company and the
vendors of the AMI equity. Applications are pending before various regulatory
authorities to secure the relevant outstanding regulatory approvals required
from the JSE Limited and the Securities Regulation Panel.
Given that the detailed transaction announcement contained all material price
sensitive information pertinent to the transactions described in the detailed
transaction announcement, shareholders are advised that caution is no longer
required to be exercised when dealing in DNR Capital securities.
As indicated in the detailed transaction announcement, a circular and revised
listings particulars containing further details of the transactions will be sent
to the company`s shareholders in due course.
15 May 2008
Corporate advisor, legal advisors and transaction sponsor
Java Capital (Proprietary) Limited
Attorneys
Fluxmans Attorneys
Company sponsor
PSG Capital (Proprietary) Limited
Date: 15/05/2008 17:44:16 Produced by the JSE SENS Department.
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