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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
With reference to the proposed acquisition by Trans Hex’s 50%
held company, Emerald Panther Investments 78 (Pty) Limited of
Namaqualand Mines (“NM”) from De Beers Consolidated Mines
Limited (“DBCM”), Shareholders are advised that the only
outstanding issue, viz. agreement between DBCM and the State
regarding the State’s twenty percent interest in NM, is still
not finalized.
Trans Hex is concerned about the resultant delays in closing
the transaction and has recently made proposals to DBCM aimed
at finding a resolution on commercial terms.
Trans Hex and DBCM have agreed that all appropriate steps will
be taken as a matter of urgency, with a view to reaching a
conclusion by 15 October 2013.
Shareholders should continue to exercise caution when dealing
in the Company’s securities until a further announcement is
released.
For and on behalf of the board
Cape Town
10 October 2013
Transactional Attorneys to Trans Hex
Bowman Gilfillan Attorneys Inc
JSE Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
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