African Gem Resources Limited - Signing Of Memorandum Of Understanding ("Mou")
And Renewal Of Cautionary Announcement
African Gem Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
Share code: AFG
ISIN: ZAE000025540
CUSIP code (Level 1 ADR programme): 008283103
("AFGEM" or "the company")
SIGNING OF MEMORANDUM OF UNDERSTANDING ("MOU") AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT
Shareholders are advised that AFGEM entered into a MOU relating to the potential
acquisition of a diamond business. The MOU is subject to a due diligence
investigation and technical feasibility study. Once further progress has been
made in this regard, an announcement will be made.
Further to the cautionary announcement of 21 January 2004, shareholders are
advised that the disposal of AFGEM"s tanzanite business is ongoing and an
announcement will be made in due course on the progress of the transaction.
Shareholders are accordingly advised to exercise caution in dealing in AFGEM
shares.
Johannesburg
25 February 2004
Sponsor
Java Capital (Proprietary) Limited
Date: 27/02/2004 02:13:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
