MRI 201907250017A
Quarterly update
MINE RESTORATION INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1987/004821/06)
Share Code: MRI
ISIN Code: ZAE000164562
("MRI" or "the Company")
QUARTERLY UPDATE
Shareholders are referred to the:
• previous cautionary announcements, the last of which was dated 19 July 2019;
• last quarterly update which was dated 25 April 2019; and
• SENS announcement, dated 29 July 2016, relating to the voluntary suspension of the
Company's shares on the JSE Limited ("JSE") ("the Suspension").
In line with paragraph 1(10)(c) of the JSE Listings Requirements, the Company is obliged to give an
update to the market of the state of the affairs of the Company until the Suspension is lifted.
As previously advised, the Board is pursuing a transaction for the acquisition of a chrome mining
company, in exchange for the issue of shares by MRI ("the Chrome Transaction"). The Chrome
Transaction, if implemented, will constitute a reverse take-over for MRI and will require a circular to
shareholders, incorporating revised listing particulars ("the Circular").
The Board advises shareholders that MRI is still in negotiations with the parties to the Chrome
Transaction. The Board remains in discussions with the parties to the Chrome Transaction on key
commercial terms, with definitive agreements in the process of being prepared. The parties are also in
the process of collating documentation required in terms of the JSE Listings Requirements for inclusion
in the Circular.
The Board will continue to inform shareholders of the progress of the Chrome Transaction.
Rosebank
25 July 2019
Designated Advisor
Questco Corporate Advisory (Pty) Ltd
Date: 25/07/2019 08:40:00
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