SUB NIGEL GOLD MINING COMPANY LIMITED - EXTENSION OF OPTION
SUB NIGEL GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share code: SBN ISIN: ZAE000006391
(`Sub Nigel` or `the company`)
EXTENSION OF OPTION
Shareholders are referred to the announcement dated 30 November 2004 wherein
they were advised that the company had granted an option to Kabusha to subscribe
for a further 11 700 000 Sub Nigel shares at a subscription price of 70 cents
per share (`the option shares`) which option would remain open for acceptance by
Kabusha until 29 January 2005. The parties have agreed that the option will
remain open for acceptance until 31 March 2005. Should Kabusha elect to exercise
the option a general meeting of the shareholders of Sub Nigel will be convened
in order to approve the issue of the option shares. Should the option be
exercised and the issue of the option shares approved by shareholders, Kabusha
will own approximately 18% of Sub Nigel and will be entitled to appoint a
director to the board of directors of the company. Shareholders will be kept
informed of any developments in this regard.
Nigel
3 February 2005
Sponsor
SASFIN CORPORATE FINANCE
A division of Sasfin Bank Limited
Date: 03/02/2005 04:58:44 PM
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