Barnex: Results Of General Meeting And Extension O
Of Certain Conditions
BARNATO EXPLORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/003756/06)
("Barnex")
(Share code: BNX, ISIN code: ZAE000000964)
RESULTS OF GENERAL MEETING AND EXTENSION OF PERIOD FOR FULFILLMENT OF
CERTAIN CONDITIONS PRECEDENT
Investec Bank Limited is authorised to announce that at the general
meeting of Barnex shareholders held on Tuesday, 4 September 2001, the
resolutions necessary to implement the disposal by Barnex of its
shareholding in and all its claims against Barnex (IOM) Limited, and
accordingly of its 90% shareholding in and all its claims against Barnex
(Prestea) Limited, to Golden Star Resources Ltd ("Golden Star") ("the
disposal") were passed by the requisite majority of Barnex shareholders.
Barnex shareholders are further advised that all conditions precedent to
the disposal have been fulfilled, except for the conditions relating to
certain waivers, releases and approvals being granted by the Ghanaian
Government ("the remaining conditions"). Barnex and Golden Star have agreed
to extend the period allowed for the consummation of the disposal until the
remaining conditions have been fulfilled. Barnex shareholders will be
advised of further developments in this regard in due course.
Johannesburg
6 September 2001
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Legal adviser
Deneys Reitz Attorneys Inc.
Reg. No. 1984/003385/21
Sponsor
Investec Securities Limited
Member of the JSE
Registration No. 1972/008905/06
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