MTX - Metorex Limited - Further Cautionary Announcement
MTX
MEMTX
MTX - Metorex Limited - Further Cautionary Announcement
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT
1 INTRODUCTION
Shareholders of Metorex are advised that Metorex is currently in
negotiations regarding the disposal of 15% of the issued ordinary share
capital of Vergenoeg Mining Company (Proprietary) Limited ("Vergenoeg") to a
Black Economic Empowerment ("BEE") party for a cash consideration of
approximately R 108 750 000 ("the Transaction").
Metorex would like to introduce BEE into Vergenoeg in line with the
requirements stipulated in the Mineral and Petroleum Resources Development
Act (No 28 of 2002) and maximise value through an efficient and orderly BEE
process.
2 CATEGORISATION
In terms of the Listings Requirements of the JSE Limited, the Transaction is
not a categorised transaction.
3 FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are advised to continue to exercise caution when dealing in
their Metorex securities until a further announcement, setting out full
details of the Transaction, is made.
Rosebank
13 July 2009
Sponsor and Corporate Advisor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 13/07/2009 17:57:56 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
