BAUBA RESOURCES LIMITED - General Issue of Shares for Cash: Extension of Fulfilment Date

General Issue of Shares for Cash: Extension of Fulfilment Date

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU     ISIN: ZAE000145686
(“Bauba” or “the Company”)


GENERAL ISSUE OF SHARES FOR CASH: EXTENSION OF FULFILMENT DATE


Shareholders are referred to the announcement released on SENS on 11 March 2021 (and using the terms
defined therein unless otherwise stated) wherein it was advised that the Company had entered into a
Subscription Agreement with Raubex Proprietary Limited (collectively, “the Parties”) in terms of which Raubex
will subscribe for 147 811 073 ordinary shares of the Company.

The issue of the Subscription Shares was subject to the fulfilment or waiver, as the case may be, of various
conditions precedent as set out in the Subscription Agreement, including inter alia, the satisfactory completion
of a due diligence process of the Company by the Subscriber, by no later than 22 March 2021.

Bauba shareholders are advised that certain conditions precedent to the issue of the Subscription Shares
remain outstanding. Consequently, both the Parties have agreed in writing to an extension of the Fulfilment
Date to 25 March 2021.


Johannesburg
23 March 2021

Sponsor
Merchantec Capital

Date: 23-03-2021 05:15:00
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