Meeting
MAZAL MINING AND EXPLORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013468/06)
Share code: MZL ISIN Code: ZAE 000017711
("Mazal" or "the Company")
RESULTS OF EXTRAORDINARY GENERAL MEETING
Further to the circular issued to Mazal shareholders on 12 December 2001,
shareholders are advised that at the general meeting of Mazal shareholders
held on Tuesday, 8 January 2002, the requisite majority of Mazal
shareholders voted as follows:
Voted in favour of ordinary resolution number 1, whereby the directors of
the Company be and are hereby authorised by way of a specific authority, to
proceed with the allotment and issue of 17 million ordinary shares of 1 cent
each in the share capital of Mazal to The 57 Trust at an issue price of 27
cents each.
Motion was carried to adjourn the passing of ordinary resolution number 2
whereby the directors of the Company be and are hereby authorised by way of
a specific authority, to proceed with the allotment and issue of shares to
four of its major shareholders, pursuant with the conversion of loans
amounting to R9 037 501,18, at an issue price of 35 cents each in the share
capital of Mazal, pending certain concerns raised by an affected party.
Voted in favour of ordinary resolution number 3, whereby the directors of
the Company be and are hereby authorised to all things and sign all
documents required to give effect to ordinary resolutions number 1 and 2.
Johannesburg
9 January 2002
Sponsor
BoE Securities (Pty) Limited
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