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TSX - Trans Hex Group Limited - Renewal of cautionary announcement

Release Date: 26/10/2011 07:05
Code(s): TSX
Wrap Text

TSX - Trans Hex Group Limited - Renewal of cautionary announcement relating to the acquisition of Namaqualand Mines Trans Hex Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1963/007579/06) Share code: TSX ISIN: ZAE000018552 ("Trans Hex" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO THE ACQUISITION OF NAMAQUALAND MINES Shareholders are referred to the cautionary announcements, dated 6 May 2011, 21 June 2011, 2 August 2011 and 13 September 2011, in which Trans Hex announced that an agreement had been signed with De Beers Consolidated Mines Limited ("DBCM") in terms of which, subject to certain conditions precedent, its 50% held joint venture company, Emerald Panther Investments 78 (Proprietary) Limited, will acquire assets and liabilities of Namaqualand Mines, a division of DBCM ("the Proposed Transaction"). STATUS OF THE NAMAQUALAND MINES TRANSACTION The proposed acquisition remains subject to a number of conditions precedent being met, including all necessary statutory and regulatory approvals. The following conditions have been met, as at 17 October 2011: * unconditional written approval of the relevant Competition Authorities in terms of the Competition Act, No 89 of 1998; and * approval of the transaction by the shareholders and the board of directors of DBCM. Additional information on the transaction is available on the Company`s website on www.transhex.co.za. Shareholders are advised that Trans Hex is still finalising certain aspects of the Proposed Transaction and that they should accordingly continue to exercise caution when dealing in the Company`s securities until full details have been announced. For and on behalf of the board Cape Town 26 October 2011 Transactional Advisor QuestCo (Pty) Limited Transactional Sponsor QuestCo Sponsors (Pty) Limited Transactional Attorneys to Trans Hex Bowman Gilfillan Inc JSE Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 26/10/2011 07:05:01 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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