MAZAL MINING AND EXPLORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/010950/06)
Share code: MZL ISIN ZAE000017711
("Mazal" or "the company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement published on 9 January 2002
and the interim results published on 20 March 2002 where they were
advised of negotiations to restructure the capital of Mazal.
The company has been unable to achieve acceptable levels of production,
resulting in the directors having to consider and evaluate various
proposals and alternatives in an endeavour to ensure the long term
success of the Paardeberg project.
These events may have a material effect on the price of Mazal`s
securities on the JSE Securities Exchange South Africa. Accordingly
shareholders are advised to exercise caution when dealing in their Mazal
securities until a further announcement is made.
Johannesburg
13 June 2001
SPONSOR
SASFIN BANK LIMITED
Date: 13/06/2002 11:45:37 AM Produced by the SENS Department
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