YBA - Yomhlaba Resources Limited - Renewal of caut
YBA
YBA
YBA - Yomhlaba Resources Limited - Renewal of cautionary announcement
Yomhlaba Resources Limited
(Registration number 1994/009012/06)
Share code: YBA & ISIN: ZAE000060281
(Suspended)
("Yomhlaba" or "the company")
Renewal of cautionary announcement
Shareholders are referred to the announcement published on 17 November
2006 and are advised to continue to exercise caution in trading their
shares (over the counter) until a further announcement is made.
Pretoria
2 January 2007
Designated and Corporate Adviser
Sasfin Capital
(a division of Sasfin Bank Ltd)
Restructuring Adviser
Gandalf Trust
Transaction Adviser
Radagast Capital (Pty) Ltd
Warning: The listing (presently suspended) of the ordinary shares in
the company is on the Alternative Exchange ("AltX"). Investors are
advised of the risks of investing in a company listed on AltX and that
the JSE does not guarantee the viability or success of a company listed
on AltX. In terms of the JSE Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser ("DA"). The DA is
required, inter alia, to attend all board meetings held by the company,
ensure that all the 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 DA, it must make arrangements to appoint a new
DA within ten business days, failing which the company faces suspension
of trading in its securities. If a DA is not appointed within 30 days
of its suspension, the company faces the termination of its listing
without the prospect of an appropriate offer to minority shareholders.
Date: 02/01/2007 17:05:01 Produced by the JSE SENS Department.
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