UNICORN CAPITAL PARTNERS LIMITED - Fulfilment of Conditions Precedent pursuant to Nkomati Anthracite Proprietary Limited Recapitalisation

Fulfilment of Conditions Precedent pursuant to Nkomati Anthracite Proprietary Limited Recapitalisation

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Formerly Sentula Mining Limited)
(Registration number 1992/001973/06)
Share code: UCP : ISIN: ZAE000244745
(“Unicorn Capital” or “the Company”)

FULFILMENT OF CONDITIONS PRECEDENT PURSUANT TO NKOMATI ANTHRACITE PROPRIETARY LIMITED RECAPITALISATION


Unicorn Capital shareholders are referred to the SENS announcement, dated 24 February 2017,
which advised that the Company’s subsidiary, Nkomati Anthracite Proprietary Limited (“Nkomati”), had
secured a loan from the Industrial Development Corporation of South Africa Limited (“IDC”) in the
amount of R151.6 million (“IDC Loan”) with the intention of funding the expansion of its plant capacity,
working capital and the recommencement of the underground mining activities.

The IDC Loan was subject to various conditions precedent, including, inter alia:
•      the submission by Nkomati of copies of all relevant environmental management approvals to
       the IDC; and
•      the warehousing by the shareholders of Nkomati of an aggregate 16.1% of the issued share
       capital of Nkomati for the benefit of the local community in which the mine operates.

The Unicorn Capital board is pleased to advise that all the conditions precedent to the IDC Loan have
been fulfilled and the IDC Loan is now unconditional.


Johannesburg
28 August 2017

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 28/08/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.