President Steyn Gold Mines Limited -
President Steyn Gold Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/014461/06)
Share code: PGD; ISIN code: ZAE000026654
("PSGM")
THISTLE MINING INCORPORATED
(Incorporated in Yukon, Canada)
("Thistle")
RESULTS OF THE THISTLE OFFER
PSGM shareholders are advised that shareholders holding 487 302 711 shares in
PSGM, being 96,8% of the total issued share capital of PSGM had accepted the
offer by Thistle to acquire all the issued shares in PSGM ("the offer"), by the
closing of the offer at 16:00 on Friday, 28 March 2003 ("closing date").
Cheques will be posted (or bank accounts will be credited) to certificated
shareholders who have accepted the offer, on Thursday, 3 April 2003.
Dematerialised shareholders who have accepted the offer will have their accounts
at their CSDP or broker credited on Thursday, 3 April 2003.
As announced on SENS on Thursday, 20 March 2003, a revised notice in terms of
section 440K(1)(a) of the Companies Act, Act 61 of 1973, as amended, will be
posted on Monday, 31 March 2003, to those PSGM shareholders who did not accept
the offer by the closing date.
Johannesburg
31 March 2003
Corporate adviser to PSGM
Bishop Corporate Finance
Sponsor to PSGM
Nedbank Corporate
Attorneys to PSGM
Hofmeyr, Herbstein & Gihwala
Independent adviser to PSGM
First Africa Group
Financial Adviser to Thistle
Werksmans
Attorneys to Thistle
JCB Incorporated
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