| Tue 17 Jun 2008, 10:45 | | TAW - Tawana Resources NL - Tawana welcomes prominent South African |
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TAW
TAW
TAW - Tawana Resources NL - Tawana welcomes prominent South African
Businesswomen on its share register
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
("Tawana" or "the Company")
17 June 2008
Tawana Welcomes Prominent South African Businesswomen on its Share Register
Tawana Resources NL ("Tawana") is pleased to advise that two prominent South
African business people, Ms Basetsana Kumalo and Ms Lindiwe Leketi have become
Tawana shareholders via a transaction between their company, Pro Direct 189 Pty
Ltd, ("Pro Direct") and Tawana.
Tawana has acquired Pro Direct`s 21% stake in Tawana`s Black Empowerment Partner
("BEE"), Seven Falls Trading 155 (Pty) Limited ("Seven Falls"). The
consideration for the acquisition was 2,125,600 Tawana shares, giving Pro Direct
a holding of 2.09% in Tawana.
Tawana is in discussions with the other shareholders of Seven Falls to
restructure the BEE relationship in line with current best practice.
Ms Kumalo is President of the Business Womens`s Association of South Africa in
Johannesburg, Executive Chairperson of Tswelopele Productions, a prestigious
television production house, a Director of Union Alliance Media (Pty) Ltd, an
all media company and an Anchor Presenter of "Top Billing", a nationwide
primetime travel and lifestyle television show.
She sits on the Boards of Directors of eight companies with interests ranging
from coal to capital funding and diamonds and has previously edited Top Billing
and Drum Magazines.
She is also a dedicated social worker and has devoted much time to working for
the Cancer Association, the Hospice Association, the Reach For a Dream
Foundation and is an active fundraiser for a children`s home and hospital in
Soweto.
Lindiwe Leketi holds a Masters Degree in Human Resources Management (RAU 1995)
and a Social Work degree (UNITRA 1988). From 1999 to 2005 she held the position
of Organisational Development Manager at the Council for Scientific and
Industrial Research.
Presently she is a Director and a shareholder of five companies which hold
diverse interests from coal prospecting rights in the Waterberg and Soutpansberg
regions of Limpopo province to shares in transport and well known construction
companies in South Africa.
She is also a trustee of a charity organisation called Agang Sechaba whose main
object is to improve the quality of life of disadvantaged communities around the
country.
Managing Director, Wolf Marx, welcomed Ms Kumalo and Ms Leketi onto the Tawana
share registry and said: "I am delighted that Ms Kumalo and Ms Leketi have
agreed to become significant shareholders of Tawana, and look forward to them
contributing to the future development of our Company. Their track record as
respected and successful businesswomen is well documented, and their diverse
holdings and connections across the mineral and media sectors in South Africa
will no doubt be of immense benefit to Tawana."
Wolf Marx
Tel: +61 3 98635222
Mob: +61 428 398446
Email:wolf.marx@tawana.com.au
All press releases and announcements may be inspected on the Company`s web site,
namely: www.tawana.com.au
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 17/06/2008 10:45:01 Produced by the JSE SENS Department.
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