VILLAGE - ANNUAL GENERAL MEETING AND STATEMENT ON CLOSURE OF THE MINE
Village Main Reef Gold Mining Company (1934) Limited
(Registration number 1934/005703/06)
Incorporated in the Republic of South Africa
Share code: VIL ISIN ZAE000007720
(`the Company`)
ANNUAL GENERAL MEETING AND STATEMENT ON CLOSURE OF THE MINE
At the annual general meeting held on Thursday, 21 October 2004, the chairman
reported that progress had been made during the year towards the sale of the
Company`s remaining freehold property and negotiations were being conducted for
the disposal of the Selby mine dump.
Clearance had been received during 2002 from the National Nuclear Regulator on
three sites, namely Bitcons, Village Central and Wolhuter. The remaining two
sites are expected to receive regulatory clearance once government promulgates
new regulations. The Company would then be in a position to apply for the
cancellation of its nuclear license thus removing this significant constraint to
closure. Thereafter the resolution of the underground water conundrum requiring
government sanction to ensure the orderly closure of defunct operations
remained. No date could be ascribed to this event.
Other business concluded at the meeting was the approval of the annual financial
statements for the year ended 30 June 2004, the re-election of Mr M Arnold and
the election of Messrs F Abbott and J C Steenkamp as directors of the Company,
and the passing of two ordinary resolutions, namely (1) placing all the
authorized but unissued ordinary shares in the capital of the Company under the
control of the directors and, (2) authorizing the directors to allot and issue
shares for cash, without restriction, all or any of the authorised but unissued
ordinary shares placed under their control, as they deem fit, subject to the
provisions of the JSE Listings Requirements. All resolutions were passed by the
requisite majority of shareholders.
Directors: R P Menell (Chairman), F Abbott, M Arnold, A N Lewis and J C
Steenkamp
Secretaries: African Rainbow Minerals Limited
Registered office:29 Impala Road, Chislehurston, Sandton, 2146
JOHANNESBURG
22 October 2004
Sponsor
Deutsche Securities (SA) (Pty) Ltd
Date: 22/10/2004 12:02:37 PM
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