WWR - White Water Resources Limited - Non-fulfillment of conditions precedent
WWR
WWR
WWR - White Water Resources Limited - Non-fulfillment of conditions precedent
and withdrawal of cautionary
WHITE WATER RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: WWR ISIN: ZAE000130712
("White Water Resources")
NON-FULFILMENT OF CONDITIONS PRECEDENT AND WITHDRAWAL OF CAUTIONARY
1 NON-FULFILMENT OF CONDITIONS PRECEDENT
Shareholders are referred to the announcement released on SENS on 30 June
2010 wherein it was stated that agreement has been reached between White
Water Resources and East Rand Proprietary Mines Limited ("ERPM") whereby,
subject to the fulfilment and/or waiver of certain conditions precedent,
White Water Resources, through a recently established special purpose
vehicle and wholly-owned subsidiary, Cubigraph (Proprietary) Limited, would
acquire prospecting and/or mining rights from ERPM, a wholly-owned
subsidiary of DRDGOLD South African Operations (Proprietary) Limited which
is 74% owned by DRDGOLD Limited ("DRDGold") (``the acquisition``).
As a result of the non-fulfilment of a condition precedent, being the
approval of the acquisition by the board of directors of DRDGold, the
acquisition shall no longer proceed.
2 WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the cautionary announcement dated 2 August
2010, and are advised that as negotiations have been terminated, caution is
no longer required to be exercised by shareholders when dealing in the
securities of White Water Resources.
7 September 2010
Sponsor
Merchantec Capital
Date: 07/09/2010 10:04:01 Produced by the JSE SENS Department.
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