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Confirmation of USD100 million short-term loan drawdown
WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/020161/06)
JSE Share code: WEZ
ISIN: ZAE000075859
(“Wesizwe” or “the Company”)
VOLUNTARY ANNOUNCEMENT: CONFIRMATION OF USD100 MILLION SHORT-
TERM LOAN DRAWDOWN
Shareholders are referred to Wesizwe’s SENS announcement,
dated 21 January 2013 relating to the confirmation of funding
from the China Development Bank (“CDB”) for the Bakubung
Platinum Mine project, including the conclusion of two
separate USD100m short-term loan contracts. The drawdown of
the first USD100 million short-term loan was completed in
December 2012 (“the Initial Drawdown”).
Wesizwe is hereby pleased to announce the drawdown of the
second USD100 million short-term loan from CDB (“the Second
Drawdown”). The proceeds of the Second Drawdown will be
utilised to repay the Initial Drawdown. The Second Drawdown
was effected in order for Wesizwe to continue availing itself
of the beneficial short term interest rates on the said loans.
Shareholders are furthermore advised that the USD650 million
loan from CDB is in the process of being finalised. A further
announcement regarding the loan will be made once the loan
becomes unconditional.
21 June 2013
Sponsor
PSG Capital (Pty) Limited
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