Yomhlaba Resources Limited - Cautionary announcement
Yomhlaba Resources Limited
(formerly Zenith Concessions Limited)
(Registration Number 1994/009012/06)
Share Code: YBA ISIN: ZAE 000060281
("Yomhlaba" or "The Company")
CAUTIONARY ANNOUNCEMENT
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.
Date: 17/02/2005 04:52:46 PM Produced by the JSE SENS Department
Shareholders are advised that the company has entered into negotiations for the
acquisition of various coal assets. A non-binding heads of agreement has been
signed and a due diligence investigation is underway, after which a definitive
agreement will be executed. A transaction announcement will be made as soon as
practically possible. The directors also intend to apply to the JSE Limited to
have the company"s shares re-instated for trading at the earliest opportunity.
The outcome of these negotiations may have a material effect on the company"s
share price. Shareholders are therefore advised to exercise caution when dealing
in the company"s shares.
Pretoria
29 September 2005
Sponsor:
River Group
Restructuring advisors
Gandalf Trust
Date: 29/09/2005 02:45:07 PM Produced by the JSE SENS Department
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