HAL - Halogen Holdings - Disposal of gold mining i
HAL
HAL
HAL - Halogen Holdings - Disposal of gold mining interests in Zimbabwe
Halogen Holdings Societe Anonyme
(formerly Falcon Investment Holdings Societe Anonyme)
(Incorporated in Luxembourg. RC Number B39773)
Share code: HAL & ISIN: LU0216267913
DISPOSAL OF GOLD MINING INTERESTS IN ZIMBABWE
Halogen Holdings SA is pleased to announce that it has agreed to sell, in a deal
completing on 1st March, its interests in 2 Zimbabwe gold mining companies to
Central African Gold PLC ("CAG") for gross sale proceeds of US$4,550,000
comprising US$2,849,000 in cash and 7,214,730 Ordinary shares in CAG.
Approximately 20% of the gross proceeds have been set aside as a contribution to
a provident and pension fund for former employees of these operations. CAG
shares are traded on the AIM market in London and Halogen have agreed not to
dispose of the CAG shares received for a minimum period of 6 months.
27 February 2007
South African Corporate Advisor and Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
Date: 27/02/2007 13:00:02 Produced by the JSE SENS Department.
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