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PLATFIELDS LIMITED - Renewal of Cautionary Announcement

Release Date: 17/11/2014 08:18
Code(s): PLL     PDF:  
Wrap Text
Renewal of Cautionary Announcement

PLATFIELDS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2002/005851/06)
Share code: PLL ISIN: ZAE000151825
(“the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the previous cautionary announcements dated 30 May
2014, 2 June 2014, 11 July 2014, 22 August 2014 and 6 October 2014 respectively.

The company has been through a very difficult period, with attempts to secure additional
funding for the group being unsuccessful to date due, inter alia, the difficult situation in
the platinum industry. This has also impacted on potential acquisitions, which the
Company has been similarly unable to conclude thus far.

Certain of the group’s prospecting rights have lapsed subsequent to the year end and
petitions have been made to the Minister of Mineral Resources for their validity and
security of tenure.

As previously announced, the Company has been approached by a third party and
continues with negotiations for the acquisition of substantial mining assets, which, if
successful, may result in a reverse listing, a change in control and in the board as well
as cash flow being injected into the group.

Shareholders will be kept appraised of developments in due course.

Accordingly, shareholders are advised to continue to exercise caution when dealing in
the Company’s securities until a further announcement is made.

Johannesburg
17 November 2014

Sponsor
Arbor Capital Sponsors Proprietary Limited

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