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Fulfilment of Conditions Precedent
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)
FULFILMENT OF CONDITIONS PRECEDENT
Shareholders are referred to the circular dated 2 October 2012 regarding
the acquisition by Chrometco of drill data, drill core and the abandonment
of prospecting rights by NKWE Platinum (South Africa) Proprietary Limited
(“NKWE”) and Realm Resources Limited (“Realm”) in favour of Chrometco
(“the Transaction”), as well as subsequent updates.
Chrometco is pleased to announce that subsequent to receiving a letter from
the Department of Mineral Resources granting consent in terms of section 102
of the Mineral and Petroleum Resources Development Act No 28 of 2002 to
include PGMs, base and other metals to the existing mining right for Chrome
over the remainder portion of Rooderand, all conditions precedent to the
Transaction have been fulfilled. The Company has applied to the JSE to issue
the final tranche of shares, being a total of 70 million shares, being 35 million
to each of NKWE and Realm.
This is a major milestone in transforming the Company from a Chrome only, to a
Chrome and PGM entity.
The Company will continue to look for opportunities to add and unlock value for
shareholders
11 November 2015
Johannesburg
Designated advisor
PSG Capital Proprietary Limited
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