Aflease - Cautionary announcement
Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE) AFLUY (NASDAQ)
(Registration number 1921/006955/06)
ISIN: ZAE000061461 Share Code : AFL
(`Aflease` or `the Company`)
CAUTIONARY ANNOUNCEMENT WITH RESPECT TO AFLEASE`S ACCESS TO INTERNATIONAL
CAPITAL MARKETS AND THE DEVELOPMENT OF ITS URANIUM RESOURCES
1. Introduction
This cautionary announcement does not relate to the previous cautionary
announcement released on SENS on 12 May 2005.
Aflease shareholders are referred to the shareholder update that was released by
the Company on 4 May 2005 in which Aflease informed its shareholders that:
- the Company`s shareholder profile continues to undergo significant change,
with shareholders outside of South Africa holding more than 75% of the
Company`s ordinary shares;
- the Company has appointed BMO Nesbitt Burns, a major Canadian-based
investment dealer, as its global financial adviser, to advise and assist
the Company in expanding its international profile and shareholder base.
2. Access to international capital markets and uranium development
Aflease continues to advance initiatives, both internally and through
negotiations with third parties, directed at providing the Company in due course
with access to capital from international markets in order to meet its stated
goal of bringing its Dominion uranium resources into production in 2007.
These initiatives may have a material effect on the share price at which
Aflease`s shares trade on the JSE Securities Exchange South Africa.
Accordingly, shareholders are advised to exercise caution when dealing in their
Aflease shares, until further announcements have been made in respect of the
foregoing initiatives.
3. South African regulatory approvals
Various South African regulatory approvals are required to be obtained in
respect of the Company`s international capital raising initiatives and
significant progress has been made in terms of receiving these approvals.
The Company will provide further information on these matters in due course.
Johannesburg
16 May 2005
Investment Bank and Sponsor
Nedbank Capital
Attorneys
Deneys Reitz
Date: 16/05/2005 01:38:28 PM
Produced by the JSE SENS Department
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