MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement

Release Date: 17/06/2011 17:15
Code(s): MMH
 
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MMH - Miranda Mineral Holdings Limited - Withdrawal of cautionary announcement Miranda Mineral Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1998/001940/06) Share code: MMH ISIN: ZAE000074019 ("Miranda" or "the Company") Withdrawal of cautionary announcement Shareholders are referred to the cautionary announcement dated 24 May 2011. The board has resolved to discontinue the capital raising that was planned on the basis of a claw back offer and rights offer, which involved Global PS Mining Investments Company Limited ("Global PS") subscribing for a number of Miranda shares in terms of the claw back offer. As negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in their securities. The Board is in advance stages of securing short term funding to meet the Company`s requirements as an alternative to that part of the funding that would have been raised in terms the claw back offer. Details will be released in due course. The board will continue to consider the alternative financing sources at its disposal in order to meet the medium- and long-term funding required to develop its portfolio of assets, including the possible placement of the 115 million authorized but unissued shares under directors` control. Centurion 17 June 2011 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 17/06/2011 17:15:01 Supplied by www.sharenet.co.za 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.
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