Otr Mining Limited - Renewal Of Cautionary Announc
OTR MINING LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/006508/06)
Share code OTR ISIN: ZAE000025839
("OTR")
Renewal of cautionary announcement pertaining to the acquisition by OTR of a
material interest in the RK Number 1 (Proprietary) Limited Project ("the RK1
Project")
Further to the cautionary announcement dated 13 September 2001 ("the 13
September 2001 announcement"), LPC Manhattan is authorised to announce the
following:
As set out in the 13 September 2001 announcement, the life and the scale
of the RK1 Project has increased by virtue of GB Mining (Pty) Limited ("GB
Mining"), (the lead consortium member), having secured additional
substantial tonnages of material and current arisings. GB Mining is in the
process of entering into heads of agreement with third parties and as a
consequence thereof the final amount to be raised in respect of the RK1
project and the number of new OTR shares to be issued, is being determined.
A further announcement detailing the finalisation of the heads of
agreement and the other matters referred to in the previous paragraph will
be published as soon as possible ("the further announcement").
OTR shareholders and option holders are accordingly advised to continue
exercising caution in dealing in their OTR shares and options until the
further announcement is made.
Fourways
5 November 2001
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Attorneys
FRRW
Fluxman Rabinowitz - Raphaely Weiner Inc. Attorneys
www.frrw.co.za
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
