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MVL NHM
MVL NHM
MVL / NHM - Mvela Resources / Northam - Company Announcement
Mvelaphanda Resources Northam Platinum Limited
Limited (Incorporated in the
Incorporated in the Republic of South Africa)
Republic of South Africa) (Registration number:
(Registration number: 1977/003282/06)
1980/001395/06) JSE code: NHM
Share Code: MVL ISIN: ZAE000030912
ISIN: ZAE000050266 ("Northam")
("Mvela Resources")
Notice of trading of new Northam and Mvela Resources ordinary shares and
Booysendal Transaction update
Further to the joint announcement on 8 July 2008 regarding an update on the
Booysendal Transaction ("the Transaction"), shareholders of Mvela Resources and
Northam are advised that implementation of the Transaction has commenced as
follows:
- Mvela Resources will take delivery of 53.1 million Northam shares from
Anglo Platinum Limited on 20 August 2008;
- 121 million new Northam ordinary shares will be allotted and issued to
Mvelaphanda Equity (Proprietary) Limited, a wholly-owned subsidiary of
Mvela Resources. Application for the listing of these shares has been made
to the JSE Limited("JSE") and the listing is expected to commence on 20
August 2008;
- 3.58 million new Mvela Resources ordinary shares have been allotted and
issued to a subsidiary of Afripalm Resources(Proprietary) Limited and were
listed on the JSE Limited on 18 August 2008;
- The first 50% of the Booysendal Platinum Project ("Booysendal") will be
transferred to Northam on 20 August 2008 and the remaining 50% will be
pledged and held in escrow by Northam pending conversion of the Old Order
Mining Title.
Application for the conversion of the Old Order Mining Title covering nine of
the eleven Booysendal farms, and for the grant of Mining Title over the
remaining two farms presently held under New Order Prospecting Rights, has been
lodged with the Department of Minerals and Energy and is currently being
processed.
On the grant of the New Order Mining Rights, the implementation will be
completed. Shareholders of Mvela Resources and Northam will be updated in due
course.
Johannesburg
19 August 2008
Sponsor to Mvela Resources Sponsor to Northam
J.P. Morgan Equities Barnard Jacobs Mellet
Corporate Finance (Pty) Limited
Date: 19/08/2008 14:00:01 Produced by the JSE SENS Department.
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