BWK - Buildworks - Further Cautionary Announcement
BWK
BWK
BWK - Buildworks - Further Cautionary Announcement
Buildworks Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
Share Code: BWK ISIN: ZAE000110219
("Buildworks" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the announcement dated 13 November 2008, in which Buildworks
shareholders were advised that Buildworks had received interest from prospective
investors to subscribe for new Buildworks shares to fund the capital required
for the proposed acquisition of Consolidated Power Projects (Proprietary)
Limited ("Requisite Capital"), and is currently involved in negotiations with
such prospective investors ("Negotiations").
Buildworks shareholders are advised that the Negotiations are ongoing and that
the fulfilment date for raising the Requisite Capital by 30 November 2008, being
the remaining condition precedent, has been extended. It is anticipated that the
Negotiations will be concluded on or about 31 January 2009. Accordingly,
Buildworks shareholders should continue to exercise caution when dealing in
Buildworks shares until such time as a further announcement is made.
Investment Bank and Transaction Sponsor: Investec Bank Limited
Designated Advisor: Java Capital
1 December 2008
Date: 01/12/2008 15:41:14 Produced by the JSE SENS Department.
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