MMH - Miranda Mineral Holdings Limited - Update on Claw Back Offer and Rights
MMH
MMH
MMH - Miranda Mineral Holdings Limited - Update on Claw Back Offer and Rights
Offer
Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: MMH ISIN: ZAE000074019
("Miranda" or "the Company" or "the Group")
Update on Claw Back Offer and Rights Offer
Shareholders are referred to the Declaration Announcement in respect of the
Claw Back Offer and Rights Offer, dated 9 March 2011, which indicated that a
further announcement would be published to inform shareholders of the outcome
of the remaining conditions precedent and to confirm or amend any of the
salient dates referred to in the announcement.
The final implementation of the Claw Back Offer and Rights Offer has not been
effected yet due to administrative delays with:
1) granting of final approval by the Registrar of Companies for the required
registrations of the circular;
2) approval of valuations on certain of Miranda`s minor, greenfields mineral
assets in terms of the SAMREC and SAMVAL Codes; and
3) foreign exchange clearance of the Claw Back funds of R74.8 million.
Shareholders are advised that these delays are expected to be resolved
promptly, but that they will have an impact on the salient dates in respect
of the Claw Back Offer and Rights Offer, as published in the announcement of
9 March 2011.
A further announcement will be published as soon as practicably possible
informing shareholders of the outcome of the remaining conditions precedent
and amending the dates referred to in the previous announcement.
Centurion
25 March 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 25/03/2011 11:11:01 Produced by the JSE SENS Department.
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