| Wed 10 Aug 2011, 16:15 | | ANO - Anooraq Resources Corporation - Further cautionary announcement |
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ARQ
ARQ
ANO - Anooraq Resources Corporation - Further cautionary announcement
Anooraq Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSXV/JSE share code: ARQ
AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Anooraq ("Shareholders") are referred to the cautionary
announcements dated 13 May 2011 and 28 June 2011, respectively, relating to
the discussions between Anooraq and Anglo American Platinum Limited (the
"Parties") in respect of a potential transaction between them. As stated in
those announcements, the nature of these discussions relate to the
completion of a strategic review by the Parties of the assets and financing
structures of, and pertaining to Bokoni Platinum Holdings (Pty) Limited,
with a view to Anooraq and the Bokoni Group effecting a restructuring and
refinancing transaction .
The Parties have now completed their strategic review of the Bokoni Group
asset base and are in negotiations around the restructuring,
recapitalization and refinancing of the Bokoni Group and Anooraq, having
regard to the results of the strategic review.
As these discussions remain ongoing, Shareholders are advised to continue
to exercise caution when dealing in their Anooraq securities until a
further announcement is made.
Johannesburg
10 August 2011
Financial adviser and JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued on behalf of Anooraq Resources Corporation
On behalf of Anooraq
Joel Kesler
Executive: Corporate Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Russell and Associates
Charmane Russell / Cassidy Parker
Office: +27 11 880 3924
Mobile: +27 82 372 5816 /+27 72 347 2642
Macquarie First South Capital
Annerie Britz/ Yvette Labuschagne/
Melanie de Nysschen
Office: +27 11 583 2000
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The NYSE
Amex has neither approved nor disapproved the contents of this press
release.
For further information on Anooraq, investors should review the Company`s
annual Form 40-F filing with the United States Securities and Exchange
Commission at www.sec.gov and home jurisdiction filings that are available
at www.sedar.com. The Company`s Annual Report on Form 40-F, which includes
its audited financial statements for the fiscal year ended December 31,
2010, was filed with the Securities and Exchange Commission on March 23,
2011 and is available at www.sec.gov. Shareholders have the ability to
receive a hard copy of the Company`s complete audited financial statements
free of charge upon request.
Date: 10/08/2011 16:15:00 Produced by the JSE SENS Department.
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