| Thu 15 Dec 2011, 16:00 | | ARQ - Anooraq Resources Corporation - Further cautionary announcement |
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ARQ
ARQ
ARQ - Anooraq Resources Corporation - Further cautionary announcement
Anooraq Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSXV/JSE share code: ARQ
NYSE AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq" or the "Company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Anooraq are referred to the cautionary announcements dated 13
May 2011, 28 June 2011, 10 August 2011, 21 September 2011 and 02 November 2011
respectively, relating to the negotiations between Anooraq and Anglo American
Platinum Limited (the "Parties") in respect of a potential restructuring,
recapitalization and refinancing transaction between them("the Bokoni Group
transaction").
The Parties have made substantial progress in settling the terms of the Bokoni
Group transaction and are currently seeking the requisite corporate and
regulatory approvals required to proceed with the transaction process. Once the
necessary approvals have been obtained a detailed announcement will be made
regarding the Bokoni Group transaction.
As the Bokoni Group transaction process remains ongoing, shareholders are
advised to continue to exercise caution when dealing in their Anooraq securities
until a further announcement is made.
Johannesburg
15 December 2011
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
Nicola Taylor/Cassidy Parker
Office: +27 11 880 3924
Mobile: +27 82 927 8957/ +27 72 347 2342
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.
Cautionary and forward-looking information
This document contains "forward-looking statements" that were based on Anooraq`s
expectations, estimates and projections as of the dates as of which those
statements were made, including statements relating to the Bokoni Group
transaction and anticipated financial or operational performance. Generally,
these forward-looking statements can be identified by the use of forward-looking
terminology such as "may", "will", "outlook", "anticipate", "project", "target",
"believe", "estimate", "expect", "intend", "should" and similar expressions.
Anooraq believes that such forward-looking statements are based on material
factors and reasonable assumptions, including the following assumptions: that
the Bokini Group transaction will receive the necessary regulatory approvals and
complete in a timely manner.
Forward-looking statements are subject to known and unknown risks, uncertainties
and other factors that may cause the Company`s actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These include but are
not limited to uncertainties related to the completion of the Bokoni Group
restructure and refinancing in a timely manner, if at all; and risk that the
necessary regulatory and other approvals for the Bokini Group transaction will
not be received in a timing manner.
For further information on Anooraq, investors should review the Company`s annual
Form 40-F filing with the United States Securities and Exchange Commission
www.sec.gov and annual information form for the year ended December 31, 2010 and
other disclosure documents that are available on SEDAR at www.sedar.com.
Date: 15/12/2011 16:00:16 Produced by the JSE SENS Department.
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