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MMH - Miranda Mineral Holdings Limited - Miranda requests suspension of its

Release Date: 12/01/2012 09:42
Code(s): MMH
Wrap Text

MMH - Miranda Mineral Holdings Limited - Miranda requests suspension of its securities 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")- MIRANDA REQUESTS SUSPENSION OF ITS SECURITIES Further to the announcement by the Company on 10 January 2012, advising shareholders that the High Court (North Gauteng) has interdicted and restrained Miranda from proceeding with a proposed increase of its authorised share capital and a proposed rights issue, the Company`s material shareholders namely, Global PS Mining Investments Company Limited and Yakani Resources (Proprietary) Limited, have demanded the repayment of loans made by them to Miranda. This event has further resulted in the jeopardizing of the financing prospects of the Company. In light of these events, the Board of directors deems it prudent and has accordingly requested that the Company`s securities be suspended on the JSE Limited with immediate effect, whilst the board considers the options available to the Company. 12 January 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 12/01/2012 09:42:15 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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