SABLE EXPLORATION AND MINING LIMITED - Update on acquisition of mining assets
Update on acquisition of mining assets
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 acquisition of mining assets
Shareholders are referred to the SENS announcement dated 28 February 2022, 24 November
2021 and 1 February 2022 regarding the agreement entered into by SEAM and Sable Platinum
Holdings (Pty) Ltd, a wholly owned subsidiary of SEAM with Magni Investment Holdings (Pty) Ltd
(“Magni”) and Lurco Metals (Pty) Ltd (“Lurco Metals”). Shareholders are advised that due to non
fulfilment of certain conditions precent, the transaction is not proceeding.
Shareholders are advised that the company has been approached by a number of companies
regarding a potential reverse listing into SEAM. The company is in discussions with these
companies and will update shareholders accordingly.
24 May 2022
Sandton
Sponsors
Exchange Sponsors
Date: 24-05-2022 11:10:00
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