| Thu 9 Jun 2005, 8:38 | | Offer Udate |
|
Lonmin - Offer Udate
Lonmin Plc -
Isin Code: GB0031192486
Share code: LON
SA Competition Tribunal clears Lonmin offer for Southern Platinum
Toronto, Ontario - June 8, 2005 - Lonmin Investments Canada Inc. (`Lonmin`), a
wholly owned subsidiary of Lonmin Plc (LSE:LMI: LMI), announces today that the
South African Competition Tribunal has cleared its offer dated April 14, 2005
(the `Offer`) to purchase all of the issued and outstanding common shares (the
`Shares`) in the capital of Southern Platinum Corp. (`SPC`) (TSX:SPC: SPC) at a
price of C$2.66 in cash per Share.
The Offer remains subject to certain other conditions as set out in Section 4 of
the Offer `Conditions of the Offer`. Lonmin and SPC continue to work to satisfy
the remaining conditions to the Offer that have not been fully satisfied to
date.
The Offer is open for acceptances until 5:00 p.m. (Toronto time) on June 10,
2005. However, Lonmin reserves the right to withdraw, amend or extend the Offer
as permitted by applicable law.
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This press release includes forward-looking statements. All statements other
than statements of historical fact included in this press release, and all
statements regarding plans, objectives and expected performance, are forward-
looking statements. These forward-looking statements have been based on current
expectations and projections about future events, including numerous
assumptions. Forward-looking statements generally can be identified by the use
of forward-looking terminology such as `ambition`, `may`, `will`, `expect`,
`intend`, `estimate`, `anticipate`, `believe`, `plan`, `seek` or `continue` or
negative forms or variations of similar terminology. Such forward-looking
statements involve known and unknown risks, uncertainties, assumptions and other
factors related to Lonmin Plc, Lonmin and Southern Platinum Corp.
Forward-looking statements involve risks, uncertainties and assumptions. Actual
results may differ materially from those expressed in forward-looking
statements. Given these risks, uncertainties and assumptions, you are cautioned
not to put undue reliance on any forward-looking statements. In addition, the
inclusion of such forward-looking statements should under no circumstances be
regarded as a representation by Lonmin Plc or Lonmin that either will achieve
any results set out in such statements or that the underlying assumptions used
will in fact be the case.
For Further Information:
Lonmin Plc:
Ian Farmer, Chief Strategic Officer - +44 (0)20 7201 6004
Albert Jamieson, Vice President, Business Development - +27 11 516 1323
Jack Jones, Vice President, Business Development - +44 (0)20 7201 6007
Southern Platinum Corp:
Chris Reynolds, Corporate Secretary - +1 416 359 7800
Media Enquiries:
United Kingdom:
Nadja Vetter, Anthony Cardew - Cardew Group - +44 (0)20 7930 0777
South Africa:
Nicholas Williams, Johannes van Niekerk - College Hill - +27 11 447 3030
Canada:
John Lute - Lute & Company - +1 416 929 5883 ext 222
