Afgem Limited - Specific Issue Of Shares For Cash
Afgem Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
JSE code: AFG ISIN: ZAE000067757
(`Afgem` or `the Company`)
formerly African Gem Resources Limited
SPECIFIC ISSUE OF SHARES FOR CASH
Shareholders are referred to the announcements dated 15 June 2005 and 17 June
2005, the last of which notified them of the results of the general meeting of
Afgem shareholders held on Friday, 17 June 2005. At the general meeting all the
special and ordinary resolutions, including the proposed modified equity line of
credit were approved by the requisite majority of shareholders. Shareholders are
advised in terms of the Listings Requirements of JSE Limited that the Company
has now accessed this equity line of credit and issued 7 461 957 shares for cash
at the price approved by shareholders at the general meeting on 17 June 2005.
The financial effects of this specific issue of shares for cash were illustrated
in the announcement to shareholders dated 15 June 2005.
Melrose Arch
19 July 2005
Lead sponsor
ABSA Corporate and Merchant Bank - Corporate Finance
Sponsor
Java Capital (Proprietary) Limited
Date: 19/07/2005 05:50:02 PM
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