SIM/VIL - Simmers/Village - Update on the proposed transaction
SIM VIL
SIIF VIL
SIM/VIL - Simmers/Village - Update on the proposed transaction
Simmer & Jack Mines, Limited
(Registration number 1924/007778/06)
Share Code: SIM
ISIN: ZAE000006722
("Simmers")
Village Main Reef Gold Mining Company (1934) Limited
(Registration number 1934/0057034/06)
Share Code: VIL
ISIN: ZAE000007720
("Village")
UPDATE ON THE PROPOSED TRANSACTION
Further to the detailed joint cautionary announcement released on the
Securities Exchange News Service ("SENS") on 6 December 2010 and the further
announcements during February, March and April 2011, Simmers shareholders and
Village shareholders are advised that the parties have agreed in writing to
extend the deadline date in relation to the fulfilment of certain conditions
to the transaction from 01 May 2011 to 30 June 2011. Simmers and Village
expect the last conditions to be fulfilled soon and do not expect any change
to the announced transaction timetable as contained in the transaction
circular posted to shareholders on or about 02 March 2011.
Johannesburg
28 April 2011
Financial advisor to Village
J.P. Morgan
Sponsor to Village
Macquarie First South Advisers (Proprietary) Limited
Transaction sponsor to Simmers
Java Capital
Sponsor to Simmers
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28/04/2011 13:55:01 Produced by the JSE SENS Department.
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