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KEH - Keaton Energy Holdings Limited - Results of general meeting

Release Date: 21/06/2011 12:33:01      Code(s): KEH
KEH - Keaton Energy Holdings Limited - Results of general meeting               
Keaton Energy Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/011090/06)                                            
Share code: KEH    ISIN: ZAE000117420                                           
("Keaton Energy" or "the Company")                                              
Results of general meeting                                                      
Keaton Energy shareholders are advised that, at the general meeting of the      
Company held at Ground Floor, Eland House, The Braes, 3 Eaton Road, Bryanston   
today, the ordinary resolutions relating to:                                    
*    the authority to be granted by Keaton Energy shareholders to place 16 622  
222 authorised but unissued shares in the share capital of the Company at   
    the disposal and under the control of the directors, with specific          
    authority to the directors to allot and issue such shares in order to give  
    effect to and implement the acquisition by Keaton Energy of 64% of the      
ordinary issued shares in Leeuw Mining and Exploration (Proprietary)        
*    the amendments to the Keaton Energy Holdings Long-Term Performance         
    Incentive Scheme; and                                                       
*    a general authority authorising the directors of Keaton Energy to allot and
    issue a further 5% of the issued share capital of Keaton Energy for cash in 
    terms of the JSE Limited Listings Requirements,                             
were passed by the requisite majority of shareholders present or represented by 
Vanggatfontein Project Update                                                   
Following the announcement released on SENS on 2 June 2011 regarding, inter     
alia, the incident in which the support structure for one of the Dense Medium   
Separation unit feed bins failed during pre-commissioning("the incident"),      
Keaton Energy shareholders are advised that a mitigation plan has been          
implemented which has allowed production to resume while the structure is being 
rehabilitated.  The first Eskom coal stockpile has been prepared and coal       
deliveries are expected to begin as soon as all quality management procedures   
have been completed.                                                            
As a result of the incident and after consultation with the Company`s auditors, 
the audited results for the year ended 31 March 2011 ("the results"), which were
expected to be published on or about 9 June 2011, were delayed. The results are 
now expected to be published on SENS and on Keaton Energy`s website,            
www.keatonenergy.co.za on or about Wednesday, 22 June 2011.                     
21 June 2011                                                                    
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 21/06/2011 12:33:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
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information disseminated through SENS.                                          

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