MGX Holdings Limited -
MGX Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
("MGX" or "the Company")
Share code: MGX
ISIN: ZAE000009262
WORKING CAPITAL STATEMENT
Further to the circular dated 3 October 2003, in which MGX advised shareholders
that the board of MGX were of the opinion that the ordinary share capital,
resources and working capital of the Company would, in the ordinary course of
business be adequate until 10 October 2003, shareholders are advised that the
Company has managed its working capital to the extent that it is in a position
to state that the ordinary share capital, resources and working capital of the
Company will, in the ordinary course of business, be adequate until 17 October
2003.
Negotiations with MGX"s capital providers relating to the debt refinancing and
the raising of additional facilities are still in progress. Shareholders will be
advised of the outcome of these discussions in due course.
13 October 2003
Sandton
Sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Date: 13/10/2003 08:27:17 AM Supplied by www.sharenet.co.za
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