Mazal Mining & Exploration Limited - Agreement Ent
Shareholder
MAZAL MINING & EXPLORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013468/06)
ISIN Code: ZAE 000017711 Share Code: MZL
AGREEMENT ENTERED INTO BY A MATERIAL SHAREHOLDER
Mazal Mining & Exploration Limited wishes to inform shareholders that an
agreement was entered into between Elcor Holdings Limited ("Elcor") and
Hamlin International Holdings Limited ("Hamlin") on 11 January 2002.
In terms of this agreement, Elcor sold 48 million shares, which it
previously owned in the share capital of Mazal, to Hamlin for a purchase
consideration of US$1 million, the implementation date being 20 January
2002.
Johannesburg
22 January 2002
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