Merafe Resources Limited - Proposed Rights Offer T
Merafe Resources Limited - Proposed Rights Offer To Merafe Shareholders
Merafe Resources Limited
(formerly South African Chrome and Alloys Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share code: MRF ISIN: ZAE000060000
("Merafe" or "the Company")
PROPOSED RIGHTS OFFER TO MERAFE SHAREHOLDERS
Shareholders are advised that further to the announcement released on SENS on 30
September 2005, the Company has resolved to amend the basis of the proposed
capital raising as stated in the aforementioned announcement. Merafe will no
longer undertake a renounceable claw-back offer but proposes to undertake a
fully underwritten renounceable rights offer ("the rights offer") to its
shareholders of approximately R550 million to fund, inter alia, the Wonderkop
acquisition and its participation in Project Lion as previously announced on 10
August 2005.
The rights offer is conditional upon approval by the JSE Limited and
registration by the Registrar of Companies of the necessary documentation
relating to the rights offer.
A detailed finalisation announcement setting out the key terms and dates of the
rights offer will be released on SENS and published in the press in due course.
Johannesburg
4 October 2005
Investment bank and transactional sponsor
Nedbank Capital, a division of Nedbank Group Limited
Sponsor
Absa
Date: 04/10/2005 11:24:03 AM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
