AQP
AQP
AQP - Aquarius Platinum - Platinum Mile Transaction Approved for Completion
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
4 June 2008
Platinum Mile Transaction Approved for Completion
Aquarius Platinum Limited is pleased to advise that it has received the
regulatory approvals for the acquisition of a 50% interest in Platinum Mile
Resources (Pty) Limited.
Following approvals from the South African Competition Tribunal and the SARB,
the R420 million consideration for 50% of the issued share capital of Platinum
Mile will now be paid: comprising R210 million in cash and R210 million in
Aquarius Platinum shares, to be issued on the South African register at a fixed
price of R78.33 (as announced on 7 February 2008) representing 2,680,854
Aquarius Platinum shares. Following the issue of new shares, the total number
of Aquarius shares on issue will increase to 260,933,222. Further, it should
also be noted that the transaction`s effective date is backdated to March 1st
2008.
For further information please contact:
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services
+61 8 9367 5211
In United Kingdom and South Africa:
Nick Bias
Aquarius Platinum
+ 44 7887 920 530
Sponsor: Investec Bank Limited
Date: 04/06/2008 10:00:03 Produced by the JSE SENS Department.
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