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ARQ
ARQ
ARQ - Anooraq Resources Corporation - Standard Chartered Bank Completes Anooraq
debt syndication
Anooraq Resources Corporation
Incorporated in British Columbia, Canada
Registration number 10022-2033
TSXV/JSE share code: ARQ
AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq" or the "company")
STANDARD CHARTERED BANK COMPLETES ANOORAQ DEBT SYNDICATION
Anooraq is pleased to announce that Standard Chartered Bank ("SCB") has
successfully completed its Anooraq senior debt syndication process.
Rand Merchant Bank ("RMB"), a division of FirstRand Bank Limited, has acquired
34% of Standard Chartered Bank`s ZAR 750 million (CAD$ 105 million) senior debt
in Anooraq`s South African subsidiary, Plateau Resources (Pty) Limited. SCB
continues to hold 66% of the total senior debt package in an amount of ZAR 495
million (CAD$ 69 million).
Philip Kotze, CEO of Anooraq, said, "RMB coming on board in the senior debt
syndicate demonstrates a market vote of confidence in our projects and our
capabilities. We welcome RMB`s participation as a key stakeholder in Anooraq
going forward."
For further information, please visit our website www.anooraqresources.com, call
investor services in South Africa at +27 11 883 0831 or in North America at 1
800 667 2114 or use the contacts referenced below.
Queries:
Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Macquarie First South Advisers
Melanie de Nysschen / Thembeka Mgoduso
Office: +27 11 583 2000
Mobile: +27 82 465 8969 / +27 83 295 1204
Russell and Associates
Charmane Russell / Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 372 5816 / +27 82 927 8957
Johannesburg
12 January 2010
Sponsor
Macquarie First South Advisers (Pty) Limited
Date: 12/01/2010 17:49:40 Produced by the JSE SENS Department.
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