ZARARA ENERGY LIMITED - UPDATED CAUTIONARY ANNOUNC
ZARARA ENERGY LIMITED - UPDATED CAUTIONARY ANNOUNCEMENT
ZARARA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/001078/06)
Share code: ZRR
ISIN:ZAE000033080
("Zarara" or "the Company")
UPDATED CAUTIONARY ANNOUNCEMENT
Zarara shareholders are referred to the various cautionary announcements dated
16 September 2003, 2 October 2003 and 8 October 2003 respectively regarding the
receipt by the board of directors of Zarara ("the board") of an offer to acquire
the entire issued share capital of Zarara from Northridge Field Operations
(Proprietary) Limited ("Northridge") and a notice of a firm intention to make an
offer to acquire the entire issued share capital of Zarara from each of Buccoli
Investments CC and Eric Capital Limited.
Shareholders are advised that the board has since received a revised offer from
Northridge increasing its offer price to 13 cents per share.
Whilst the three offers are being evaluated, shareholders are advised to
continue to exercise caution when dealing in the Company"s shares until such
time as a further announcement is made by the Company.
Krugersdorp
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