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

SENTULA MINING LIMITED - Termination of the Benicon Coal Disposal and Cautionary Announcement

Release Date: 01/08/2014 10:35
Code(s): SNU     PDF:  
Wrap Text
Termination of the Benicon Coal Disposal and Cautionary Announcement

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula”)

TERMINATION OF THE BENICON COAL DISPOSAL AND CAUTIONARY ANNOUNCEMENT



Further to the announcements released on SENS on 28 February 2014, 14 April 2014, 16 May 2014, 27 May
2014 and 25 June 2014, and to the circular to shareholders of Sentula issued on 27 May 2014 (and using
the terms defined therein unless otherwise stated), shareholders are hereby advised that the Benicon Coal
Sale Agreement and the Benicon Coal Guarantee, Pledge and Cession Agreement (“Agreements”) have
lapsed due to non-fulfillment of certain of the Benicon Coal Conditions Precedent within the agreed
timeframe. Accordingly, the Benicon Coal Disposal has automatically terminated and will not be
implemented.

The Board remains committed to the disposal of the Benicon Coal asset, and shareholders are advised that
Sentula has entered into discussions with parties in this regard, which may, if successfully concluded have a
material effect on the price of Sentula’s securities. Accordingly, shareholders are advised to exercise caution
when dealing in Sentula’s securities until a further announcement is made.

Shareholders are advised that the Benicon Mining Disposal will not be affected by the aforementioned
termination.

Johannesburg
1 August 2014


Sponsor
Merchantec Capital

Legal advisors
Cliffe Dekker Hofmeyr

Date: 01/08/2014 10:35:00 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