Chrometco Limited - Drilling programme commences o
CMO
CMO
Chrometco Limited - Drilling programme commences on Naboom
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")
Drilling commences on Naboom
Warning: The listing of 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 arrangement 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.
Directors would like to inform shareholders that the drilling programme on
Naboom commenced this week. The directors have decided to concentrate on the
Naboom property due to the additional area acquired as per last SENS
announcement. This initial drilling programme is expected to be completed
within the next six to eight weeks.
Pretoria
27 January 2006
Designated Advisor
River Sponsors (Pty) Ltd
Date: 27/01/2006 10:33:05 AM Produced by the JSE SENS Department
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