African Gem Resources Limited - Announcement
African Gem Resources Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/007292/06
ISIN: ZAE000025540
Share code: AFG
("AFGEM" or "the company")
AFGEM`s shareholders are advised that the Industrial Development Corporation of
South Africa Ltd has sold their 22.7% stake in the company to various investors.
The investors include an affiliate of the Asian-based MAA group, Europe-based
investment firm, PELHAM Investments SA and other private investors.
AFGEM is in the process of completing development of the world`s only formal,
large scale tanzanite mine in northern Tanzania.
For further information, kindly contact:
Joanne Herbstein
Corporate Affairs Director
Tel: +2711 214 1000
22 November 2002
Date: 22/11/2002 02:20:24 PM Produced by the JSE SENS Department
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