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 ZAE000025830
Share Code OTRO ISIN ZAE 000033056
("OTR" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements dated 4 January 2002, 5 November
2001 and 13 September 2001 ("the cautionary announcements"), OTR
shareholders and option holders are advised that the discussions referred to
therein are still continuing.
The proposed acquisition by OTR of a material interest in the RK1 project
referred to in the cautionary announcements, has now in principle been fixed
at 10% in terms of discussions which are continuing between OTR and GB
Mining (Pty) Limited ("GB Mining"), the promoter of the RK1 project and part
of the controlling consortium of OTR. At the date of this announcement the
RK1 project has still not come on stream due, inter alia, to delays in
finalising agreements.
Shareholders and option holders are accordingly advised to continue
exercising caution in dealing in their OTR shares and options until a
further announcement is made.
Fourways
25 February 2002
Sponsor Attorneys
LPC Manhattan Fluxman Rabinowitz Raphaely Weiner
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