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MIRANDA MINERAL HOLDINGS LIMITED - Shareholder update

Release Date: 16/07/2012 17:00
Code(s): MMH
Wrap Text
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')

Shareholder update


Miranda advises that Yakani Resources (Proprietary) Limited ('Yakani') has served the Company and four other parties with a summons.
This claims partial restitution, alternatively damages, based primarily on an alleged misrepresentation in Miranda's financial statements at the time Yakani subscribed for shares in the Company in 2008.
Miranda deems Yakani's action unfortunate; denies the claims; and intends defending the action.
Shareholders will be apprised of future developments in this regard. 16 July 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 16/07/2012 05:00:00 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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