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Aflease - Aflease Shareholders Back SXR Deal
Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE) AFLUY (NASDAQ)
(Registration number 1921/006955/06)
ISIN: ZAE000061461 Share Code : AFL
("Aflease")
24th November.
Aflease shareholders back SXR deal
Shareholders of Aflease Gold and Uranium Resources have today voted overwhelming
in favour of the acquisition of Aflease by TSX-listed Southern Cross Resources
Inc (SXR). The vote in favour of the transaction was 99.96%.
The Aflease shareholders" vote followed the vote on Tuesday of this week (22nd
November) by SXR shareholders, who gave 99.9% support for the transaction.
Aflease President and CEO Neal Froneman, who is to hold the same position in the
expanded company, said:
"I warmly welcome the support of our shareholders for this transaction, which
will enable us to create a global uranium group, with assets in South Africa,
Canada and Australia.
"We will be the only uranium company which could bring not one, but two, new
uranium projects on line within the next few years.
"We are already moving ahead with the Dominion Reefs project near Klerksdorp,
South Africa, which is due to start producing uranium in 2007.
"Meanwhile, the Honeymoon Mine in South Australia is fully permitted, and the
board of the merged company will take a decision on that project, once we have
fully assessed the implementation issues."
Mr Froneman said that the company will have its primary listing in Toronto and a
secondary listing in Johannesburg.
Forward-looking statements
This announcement contains certain forward-looking statements. These forward-
looking statements are subject to a variety of risks and uncertainties which are
beyond Aflease"s ability to control or predict (including among others
regulatory and shareholder approval), which could cause actual events or results
to differ materially from those anticipated in such forward-looking statements.
In this announcement, predictions about the Transaction being approved and
finalised are forward-looking statements. Readers should not place undue
reliance on forward-looking statements.
Notice to Investors
This announcement does not constitute an offer to sell or an invitation to
purchase or subscribe for any securities. The securities offered by way of
exchange pursuant to the Transaction have not been and will not be registered
under the U.S. Securities Act of 1933, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements
Contacts : Neal Froneman +27 83 628 0226
Carol Smith +27 82 338 2228
John Fraser +27 82 331 7330
Don Falconer +1 416 350 3657
end
Date: 24/11/2005 11:57:10 AM Produced by the JSE SENS Department
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