Mvela Resources / Gold Fields - Further Joint Cautionary Announcement
Release Date: 24/07/2003 16:38:36 Code(s): GFI MVL
Mvela Resources / Gold Fields - Further Joint Cautionary Announcement
Mvelaphanda Resources Limited Gold Fields Limited
Registration number: 1980/001395/06 Registration number: 1968/004880/06
ISIN: ZAE000037610 JSE Code:MVL ISIN: ZAE000018123
("Mvela Resources") JSE Code: GFI
("Gold Fields")
FURTHER JOINT CAUTIONARY ANNOUNCEMENT
In the joint cautionary announcement published by Mvela Resources and Gold
Fields on 10 June 2003, security holders were advised that agreement in
principle had been reached in terms of which Mvela Resources will, for a
consideration of R4.1 billion, acquire a beneficial interest of 15% in the South
African gold mining assets of Gold Fields ("the transaction").
Further to this announcement, security holders are advised that while the
transaction is progressing, Gold Fields and Mvela Resources are still finalising
certain aspects of the transaction.
Accordingly, security holders are advised to continue to exercise caution when
dealing in the securities of the respective companies, until such time as a
further announcement is made.
Johannesburg
24 July 2003
Merchant Bank to Mvela Financial Advisor and
Resources transactional sponsor to Gold
RMB Corporate Finance Fields
A division of FirstRand Bank JP Morgan
Limited
Attorneys to Mvela Resources Corporate law advisors and
for the transaction consultants to Gold Fields
Werksmans Inc. Edward Nathan & Friedland
(Registration number (Pty) Limited
1990/007215/21) Corporate Law Advisors and
Consultants (Registration
number 1999/026464/21)
Sponsor to Mvela Resources
PricewaterhouseCoopers
Corporate Finance
(Proprietary) Limited
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