MESSINA LIMITED - SOUTHERN PLATINUM COMMENTS ON TRADING ACTIVITY
MESSINA LIMITED
(Registration number 1950/035912/06)
Share code: MES
ISIN: ZAE000004438
(`Messina`)
SOUTHERN PLATINUM COMMENTS ON TRADING ACTIVITY
The following is an extract from a news release issued by Southern Platinum Inc,
Messina`s holding company, in Toronto on 24 November 2004
`Southern Platinum Comments on Trading Activity
Toronto, November 24, 2004: Southern Platinum Corp. (TSX: SPC) today issued the
following comments on recent trading in the Company`s shares on the Toronto
Stock Exchange:
As reported in the third quarter results release, dated November 15, 2004, the
Company`s subsidiary, Messina Platinum, is continuing discussions with the RMB
syndicate and another major South African bank to arrange restructuring of the
syndicated project debt facility.
As is normal business practice and in parallel with these discussions Southern
Platinum is in discussions with various parties on a wide range of alternatives
to replace or eliminate the syndicated project debt facility. In recent months
Southern Platinum has been in discussions with platinum majors concerning
possible transactions. While it is possible that these various discussions could
lead to some transaction, there is no assurance that they will lead to a
transaction, and there can be no assurance what form such a transaction may
take. Shareholders will be kept informed of developments.
NOTE: Certain statements contained herein are `forward-looking` and are based on
the opinions and estimates of management, or on the opinions and estimates
provided to and accepted by management. These opinions and estimates include
those that relate to all the geological, development, mining and commodity price
and market parameters used by management. Forward-looking statements are subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ, possibly significantly. Readers are
therefore cautioned not to place undue reliance on any forward-looking
statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Southern Platinum Corp.
Mr. Patrick Evans, President and CEO
Telephone: (416) 359-7800
Fax: (416) 359-7801
E-mail: inbox@southplats.com
www.southplats.com`
Date: 25/11/2004 01:02:44 PM
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