To view the PDF file, sign up for a MySharenet subscription.

SENTULA MINING LIMITED - Further cautionary announcement

Release Date: 18/12/2013 16:00
Code(s): SNU     PDF:  
Wrap Text
Further cautionary announcement

SENTULA MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula” or “the Company”)



FURTHER CAUTIONARY ANNOUNCEMENT



Shareholders are referred to the cautionary announcement dated 26 June 2013 and the subsequent further
cautionary announcements dated 7 August 2013 and 19 September 2013 regarding the proposed disposal
by Sentula of its 60% indirectly held interest in the Nkomati Anthracite Mine, the further cautionary
announcement dated 20 September 2013 regarding the approach by parties interested in certain other
businesses within the Sentula portfolio and the subsequent further cautionary announcement dated
4 November 2013. The board of directors is still engaged in the strategic evaluation of the alternative options
to unlock shareholder value and further reduce the Group’s senior debt, which review may result in actions
that could have a material effect on the price of Sentula’s securities.

In this regard, the Schoongezicht prospecting right disposal as announced on SENS on 24 June 2013 has
become effective following the fulfilment of all the conditions precedent thereto and offers have been
received for the Bankfontein mining right. Furthermore, negotiations for the disposal of Sentula’s stake in the
Nkomati Anthracite Mine continue with interested parties.

Accordingly, shareholders are advised to continue exercising caution when dealing in Sentula’s securities
until further announcements are made.

Johannesburg
18 December 2013

Sponsor
Merchantec Capital

Date: 18/12/2013 04:00:00 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.

Share This Story