President Steyn Gold Mines Limited - Renewal Of Ex
President Steyn Gold Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/014461/06)
Share Code: PGD ISIN Code: ZAE000026654
("the Company")
RENEWAL OF EXISTING CAUTIONARY
Shareholders are referred to the cautionary announcement dated 27 July 2001,
and are advised that the directors of the Company have now evaluated the
option to terminate the listing of the Company's securities on the JSE
Securities Exchange. The directors are of the opinion that it would not be
in the best interest of the shareholders to do so at this stage.
However, negotiations are ongoing to broaden the operational base of the
Company. Furthermore, two foreign companies with proposals to make strategic
investments have also approached the Company. These proposals are presently
being evaluated.
The successful conclusion of any of the above transactions may have a
material impact on the price of the Company's securities. Accordingly,
shareholders are advised to continue exercising caution when dealing in the
Company's securities until a full announcement is made.
Johannesburg
11 September 2001
Corporate Advisor Sponsor
Argil Corporate Finance BOE Securities
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