Chrometco Limited - Abridged Prospectus
Chrometco Limited
(previously known as `Sweet Equity Investments (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
(JSE Code: CMO ISIN: ZAE000070249)
(`Chrometco` or `the company`)
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE Listings Requirements and applicable
regulations are complied with, approve the financial director of the company and
guide the company in a competent, professional and impartial manner. If the
company fails to retain a designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
1. INTRODUCTION
CHROMETCO is a chrome exploration company that intends to explore and if viable
subsequently develop a chrome mine for Ferro-Chrome. The company also intends to
investigate other chrome and other base metal properties for exploration
purposes and will also research and investigate business development
opportunities in the field of mining, concentrating and beneficiating ferrous
metals and their ores, in particular, chrome, copper, cobalt, nickel and
manganese.
2. LISTING ON THE ALTERNATIVE EXCHANGE (`ALTX`) OF THE JSE LIMITED
The directors reconsidered listing on the main board as the company only
requires R5 000 000 to complete its exploration programme and decided to limit
the capital to be raised to approximately R5 000 000, the result of this
decision was that the company would list on AltX initially and application for
this was made to the AltX committee, the application having been successful, the
directors accepted offers for a total of R5 051 875, representing 4 041 500
shares and company will list on AltX instead of the main board.
3. IMPORTANT DATES AND TIMES 2005
Commencement of the listing at 09:00 on Friday, 12 August
Posting of share certificates on or about Friday, 12 August
Dematerialised shareholders will have
their accounts at their CSDP or
broker credited with their shares Friday, 12 August
4 LISTING ON THE AltX
The JSE has approved the listing of 144 441 500 shares on the AltX. The shares
will trade under the abbreviated name `CHROMETCO` and the JSE code `CMO.`
Pretoria
15 July 2005
Corporate Adviser Sponsor Competent Person Reporting Accountant
River Group River Group Michael G Saner KPMG Inc
Date: 08/08/2005 01:45:13 PM
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