SABLE EXPLORATION AND MINING LIMITED - Update on suspension
Update on suspension
Sable Exploration and Mining Limited
(previously known as Middle East Diamond Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
(“SEAM” or “the company”)
Update on suspension
1. Introduction
SEAM’s shares were suspended from trading on the JSE on 6 December 2016.
Shareholders are referred to the SENS announcement dated 17 August 2021 regarding an update
on the SEAM’s suspension. The Company is now up to date with its financial reporting
requirements.
2. Recent acquisitions
Shareholders are referred to the SENS announcement 9 November 2021 regarding the
acquisition of certain prospecting rights from Swing Curve 345 (Pty) Ltd and AEE Thabametsi
(Pty) Ltd.
Shareholders are also referred to the SENS announcement 24 November 2021 in which SEAM
entered into an agreement with Magni Investment Holdings (Pty) Ltd and Lurco Metals (Pty) Ltd
regarding the proposed acquisition of various mining assets for R1.2 billion.
3. Lifting of suspension
SEAM is in the process of applying to the JSE to lift its suspension. Once the suspension is lifted,
SEAM can proceed with its announced partially underwritten rights offer.
13 January 2022
Sandton
Sponsors
Exchange Sponsors
Date: 13-01-2022 10:38:00
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