CHROMETCO LIMITED - Fulfilment of Conditions Precedent
CMO 201511110024A
Fulfilment of Conditions Precedent
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)
FULFILMENT OF CONDITIONS PRECEDENT
Shareholders are referred to the circular dated 2 October 2012 regarding
the acquisition by Chrometco of drill data, drill core and the abandonment
of prospecting rights by NKWE Platinum (South Africa) Proprietary Limited
(“NKWE”) and Realm Resources Limited (“Realm”) in favour of Chrometco
(“the Transaction”), as well as subsequent updates.
Chrometco is pleased to announce that subsequent to receiving a letter from
the Department of Mineral Resources granting consent in terms of section 102
of the Mineral and Petroleum Resources Development Act No 28 of 2002 to
include PGMs, base and other metals to the existing mining right for Chrome
over the remainder portion of Rooderand, all conditions precedent to the
Transaction have been fulfilled. The Company has applied to the JSE to issue
the final tranche of shares, being a total of 70 million shares, being 35 million
to each of NKWE and Realm.
This is a major milestone in transforming the Company from a Chrome only, to a
Chrome and PGM entity.
The Company will continue to look for opportunities to add and unlock value for
shareholders
11 November 2015
Johannesburg
Designated advisor
PSG Capital Proprietary Limited
Date: 11/11/2015 12:15:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
