WWR - White Water Resources Limited - Cancellation of Prospecting Rights
WWR
WWR
WWR - White Water Resources Limited - Cancellation of Prospecting Rights
Agreement
WHITE WATER RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: WWR ISIN:ZAE000130712
("White Water Resources" or "the Company")
CANCELLATION OF PROSPECTING RIGHTS AGREEMENT
Shareholders are referred to paragraph 18.1.1 of the Acquisition Circular dated
25 February 2011 ("Circular") and, using the terms defined in the Circular, are
advised that the Prospecting Rights Agreement entered into between White Water
Limited, White Water Gold, the Company (under its former name, Matodzi Resources
Limited) and Covenant on 24 August 2005, for the sale by White Water Resources
to White Water Gold of the Wit Nigel Prospecting Right ("Prospecting Right") and
certain surface right permits, has been cancelled by the Company.
The intended transfer of the Prospecting Right and the surface right permits to
White Water Gold will accordingly no longer be proceeded with by the Company,
who will remain the owner of these assets. The Company is proceeding with a
drilling programme on the area covered by the Prospecting Right.
Johannesburg
20 April 2011
Sponsor
Merchantec Capital
Date: 20/04/2011 07:15:02 Produced by the JSE SENS Department.
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