|
VIL
VIL
VIL - Village Main Reef Limited - Update regarding disposal of 47 065 916
common shares in the share capital of First Uranium Corporation
Village Main Reef Limited
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)
(Registration number 1934/0057034/06)
Share Code: VIL
ISIN: ZAE000154761
("Village")
UPDATE REGARDING DISPOSAL OF 47 065 916 COMMON SHARES IN THE SHARE CAPITAL
OF FIRST URANIUM CORPORATION
Shareholders are referred to the announcement released on the Securities
Exchange News Services of the JSE Limited ("SENS") on 22 July 2011 in which
they were advised that an agreement (the "Agreement") had been entered into
between Village and AngloGold Ashanti Limited ("AngloGold") in terms of
which Village sold and ceded to AngloGold 47 065 916 common shares (the
"Sale Shares") in the issued share capital of First Uranium Corporation
("FIU") comprising 19.786% of the issued and outstanding share capital of
FIU as at the date of signature of the Agreement (the "Signature Date") for
an aggregate purchase price of R205 061 500 (the "Purchase Price")("the
Transaction").
In terms of the Agreement, Village undertook to and in favour of AngloGold
to lock-up:
(i) its remaining 13 556 737 common shares in FIU (being the FIU
shares beneficially owned by Village following the sale of the
Sale Shares (the "Remaining FIU Shares")) for the period expiring
on 30 November 2011;and
(ii) its 392 874 Rand denominated secured convertible notes in FIU
having a face value of R1 000 per note (the "FIU Notes") for the
period expiring on 31 October 2011 .
As no firm intention to proceed with the acquisition of the entire issued
Share capital of FIU by AngloGold was announced by 31 October 2011, the
lock-up period in respect of the FIU Notes has lapsed without any further
action being required by Village.
The Remaining FIU Shares remain subject to lock-up until 30 November 2011
unless a firm intention to proceed with the acquisition of the entire
issued share capital of FIU by AngloGold is announced by that date.
Shareholders will be advised over SENS of any further developments in this
regard.
2 November 2011
Sponsor
Java Capital
Investor relations
Vestor
Attorneys
Cliffe Dekker Hofmeyr Inc.
Date: 02/11/2011 08:45:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
