MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement
MMH
MMH
MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement
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")
Withdrawal of cautionary announcement
Shareholders are referred to the cautionary announcement dated 24 May 2011. The
board has resolved to discontinue the capital raising that was planned on the
basis of a claw back offer and rights offer, which involved Global PS Mining
Investments Company Limited ("Global PS") subscribing for a number of Miranda
shares in terms of the claw back offer.
As negotiations have been terminated, caution is no longer required to be
exercised by shareholders when dealing in their securities.
The Board is in advance stages of securing short term funding to meet the
Company`s requirements as an alternative to that part of the funding that would
have been raised in terms the claw back offer. Details will be released in due
course.
The board will continue to consider the alternative financing sources at its
disposal in order to meet the medium- and long-term funding required to develop
its portfolio of assets, including the possible placement of the 115 million
authorized but unissued shares under directors` control.
Centurion
17 June 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 17/06/2011 17:15:01 Produced by the JSE SENS Department.
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