Thabex - Withdrawal Of Cautionary Announcement Relating To SARB Dispute And
Further Cautionary Announcement Relating To BEE Negotiations
THABEX EXPLORATION LIMITED
(`Thabex` or `the Company`)
Registration No 1988/000763/06
(Incorporated in the Republic of South Africa)
JSE share code: TBX
ISIN Code: ZAE000013686
Young Lions Exploring Africa
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO SARB DISPUTE AND FURTHER
CAUTIONARY ANNOUNCEMENT RELATING TO BEE NEGOTIATIONS
Shareholders are referred to the renewal of the cautionary announcement of 29
April 2005.
Dispute with SARB
Thabex is pleased to announce that the dispute between the Company and the South
African Reserve Bank has been resolved and the cautionary announcement relating
to this matter is herewith withdrawn. As a result thereof, an amount of
approximately R18,1 million would be available to Thabex within the next few
days. Further details will be provided in the Company`s Annual Report to be
distributed on 31 May 2005
Black Economic Empowerment (`BEE`)
Thabex is still in negotiations with a BEE group which negotiations, if
concluded successfully, may influence the price of the Company`s securities.
As a result, shareholders are herewith advised that they should continue to
exercise caution when dealing in the Company`s securities until a further
announcement relating to the above BEE transaction is published.
Johannesburg
26 May 2005
Sponsor
PSG Capital Limited
Date: 26/05/2005 03:35:15 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
