Messina Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/035912/06)
("Messina")
Announcement
Messina owns 100% of the Messina Platinum Mines Limited PGM project situated in
the Lebowakgoma area of the Northern Province. Approximately R50 million plus a
guarantee on the projected profits resulting from the Accelerated Production
Initiative are required to complete the equity funding required for this
project. Accordingly, Messina plans to proceed with a rights offer to raise the
additional capital required. SouthernEra, which currently owns 70.4% of
Messina, intends to follow its rights and is considering underwriting the
rights offer.
Shareholders are therefore advised to exercise caution when dealing in their
Messina shares until full details of the proposed rights offer are announced.
Rosebank
12 April 2001
RMB RESOURCES
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