BPL
BPL
Barplats Investments Limited - Further Cautionary Announcement
Barplats Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004830/06)
Share code: BPL & ISIN: ZAE000028692
("Barplats" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT
It was announced on 15 February 2006 that the Platinum Consortium, comprised of
Brier Global Limited ("Brier"), Flower Valley Investment Inc. ("Flower"), Photon
Global Limited ("Photon") and Rivercity Holdings Corp ("River"), which are the
controlling shareholders of Barplats has informed the Company that the
shareholders of Brier, Flower and River have conditionally sold their entire
shareholding in these entities to Eastern Platinum Limited, a mineral
exploration company listed on the Toronto Stock Exchange and the London Stock
Exchange (on the alternative investment market) ("Eastplats")("the
Transaction").
Various conditions precedent to the Transaction, including the successful
completion of the due diligence, Eastplats shareholders approval and the
approval of the Transaction by competition authorities remains outstanding.
As the details relating to how the Transaction, if successfully concluded, will
impact Barplats have not yet been finalised, shareholders are advised to
continue to exercise caution when dealing in their Barplats securities until a
further announcement is made.
30 March 2006
Corporate Adviser and South African Investment Bank
Nedbank Capital
Sponsor to Barplats
Nedbank Capital
Date: 30/03/2006 03:27:04 PM Produced by the JSE SENS Department
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