SUB NIGEL GOLD MINING COMPANY LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
SUB NIGEL GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share code: SBN ISIN: ZAE 000006391
("Sub Nigel" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 4 May 2004 and
are advised that the negotiations referred to therein are continuing. In
addition to these negotiations the company has entered into negotiations and
concluded a memorandum of understanding relating to the acquisition by Centurion
Gold Holdings Incorporated ("Centurion"), a company listed on the Nasdaq, of a
substantial interest in the company ("the investment").
The negotiation and conclusion of an acquisition agreement is subject to the
conclusion of a satisfactory due diligence on Sub-Nigel by Centurion and the
signature of legal agreements regarding the investment between the parties. In
the event that an agreement is concluded, the investment by Centurion will be
used to further the company"s local and international growth strategy. The
investment will not result in any changes to the current management team of the
company.
Shareholders are therefore advised to continue to exercise caution when dealing
in their Sub Nigel shares until a further announcement is made.
Johannesburg
4 May 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 11/05/2004 02:35:23 PM Produced by the JSE SENS Department
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