MTX
MEMTX
Metorex Limited - Press Release
Metorex Limited
(Registration number: 1934/005478/06)
(Incorporated in the Republic of South Africa)
JSE code: MTX
ISIN: ZAE000022745
PRESS RELEASE
A group of aggrieved investors claim to have lost money on transactions related
to the Ruashi orebody and have submitted documents in this regard to various
authorities.
These submissions, considered factually incorrect, have been made to Metorex,
the Stock Exchange authorities and major shareholders in Metorex. The company
comments as below:
Mineral Title
The title to the Ruashi orebody PE 578, held via Ruashi Mining Sprl, was
transferred from Gecamines, the previous owners, in accordance with the legal
requirements of the DRC including Gecamines Board approval, signature by the
Minister of Mines, The Minister of Public Enterprise and is registered at the
Cadastre Miniere. Metorex, through its subsidiary Ruashi Mining Sprl, hold full
and valid title to the project and have completed Phase I of the construction
programme as outlined in the Circular to shareholders dated 31 March 2005.
Aggrieved Investor Claims
Should any legal and valid claims be substantiated by these aggrieved investors,
they would be handled in accordance with sound commercial and legal principles.
Johannesburg
17 November 2006
Date: 17/11/2006 04:15:02 PM Produced by the JSE SENS Department
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