MMH - Miranda Mineral Holdings Limited - Business rescue application in terms of
MMH
MMH
MMH - Miranda Mineral Holdings Limited - Business rescue application in terms of
section 131 of the companies Act,71 of 2008 and 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")
BUSINESS RESCUE APPLICATION IN TERMS OF SECTION 131 OF THE COMPANIES ACT,71 OF
2008 AND CAUTIONARY ANNOUNCEMENT
Shareholders of Miranda are hereby notified that Mr Ron Nel(a non-executive
director and the previous CEO of the Company) has served an application on
Miranda in terms of which he, in his capacity as a shareholder and alleged
creditor of Miranda, intends to make application to the North Gauteng High
Court, Pretoria in terms of Section 131 of the Companies Act, 71 of 2008 to
place Miranda under supervision and commence business rescue proceedings.
The Board of Miranda has resolved to oppose the application.
The application has been set down for hearing on 2 August 2011.
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the full impact of the above application is still
to be determined and may have a material effect on the price of the company`s
securities.
Accordingly, shareholders are advised to exercise caution when dealing in the
company`s securities until further information is provided.
Johannesburg
26 July 2011
Date: 26/07/2011 10:13:02 Produced by the JSE SENS Department.
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