NHM - Northam Platinum Limited - Northam company announcement
NHM
NHM
NHM - Northam Platinum Limited - Northam company announcement
NORTHAM PLATINUM LIMITED
(Registration number 1977/003282/06
(Incorporated in the Republic of South Africa)
JSE Code: NHM ISIN: ZAE000030912
("the company")
NORTHAM COMPANY ANNOUNCEMENT
The board and management of Northam Platinum Limited (Northam) has noted
the contents of an announcement issued today by Mvelaphanda Resources Limited
(Mvela Resources) which alludes, inter alia, to subscribing for its rights in
the event of a Northam rights issue, and the subsequent unbundling of its
holding in Northam to its shareholders.
In reacting to the announcement by Mvela Resources today, Northam CEO Glyn
Lewis said: "This announcement signals a positive outcome for Northam
shareholders, as we gain further certainty in terms of the financing options
available to us for the development of the Booysendal project. We have made
significant progress with the feasibility study, which is expected to be
completed by the end of September this year. We remain optimistic that
Booysendal is the most promising new project currently being planned in South
Africa; in addition our planning has the built-in flexibility to allow
incremental production build-up to meet market demand."
Lewis noted the resignation of outgoing Mvela Resources CEO Pine Pienaar
from the Northam board, and paid tribute to Pienaar`s contribution to Northam,
and in particular, in securing the Booysendal project for the group.
Johannesburg
4 June 2009
Distributed by Russell & Associates
Johannesburg
Tel 011 880 3924
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 04/06/2009 10:53:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
