CMO
CMO
Chrometco Limited - Copper Ingot production joint venture
CHROMETCO LIMITED
(previously known as "Sweet Equity Investments (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
(JSE Code: CMO & ISIN: ZAE000070249)
("Chrometco" or "the company")
COPPER INGOT PRODUCTION JOINT VENTURE
The board wishes to announce that subsequent to the successful trial production
of Blister Copper Ingots, Chrometco has agreed to a Joint Venture Structure with
Cupraco, whereby the Joint Venture will commence commercial production of
approximately 350 tons per month of Copper Ingot with a minimum grade of 95%
Copper. The first furnace will be commissioned before the end of December 2006.
Pretoria
16 October 2006
Designated Advisor
River Group
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.
Date: 16/10/2006 05:43:04 PM Produced by the JSE SENS Department
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