MINE RESTORATION INVESTMENTS LTD - Renewal of cautionary announcement

Renewal of cautionary announcement

MINE RESTORATION INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 1987/004821/06
Share code: MRI
ISIN: ZAE000164562
("MRI" or the "Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

1. UPDATE IN RESPECT OF THE ACQUISITION OF IMBS

  Shareholders are referred to the detailed cautionary
  announcement released on SENS on Friday 26 June 2015
  (“Announcement”) in which MRI disclosed indicative terms of
  the acquisition of approximately 39.2% of the issue share
  capital of IMBS ("IMBS Acquisition") as well as further and
  related corporate actions thereto.

  Shareholders are advised that terms of the IMBS Acquisition
  are at an advanced stage with the relevant parties involved.
  As disclosed in the Announcement, management of MRI have
  been engaging with key investors in order to secure the
  raising of capital through a combination of a loan and
  private placement, the proceeds of which will facilitate the
  IMBS acquisition and will support MRI’s working capital
  requirements. These discussions are progressing and it is
  anticipated that an outcome will soon be achieved. As part
  of the transaction, MRI was obliged to provide a loan of R10
  million to IMBS, which will be repaid through the issue of
  shares in IMBS if the IMBS Acquisition completed, and in
  cash if not consummated. MRI has sourced third party funding
  and entered into the necessary documentation, and will
  advance funds as soon as all relevant conditions precedent
  have been fulfilled.

  The Company will release further details and terms in
  respect of the IMBS Acquisition once appropriate to do so.

2. RENEWAL OF CAUTIONARY

  Once all the terms of the IMBS Acquisition have been
  finalised, a detailed terms announcement will be published.
  Shareholders are advised to continue to exercise caution
  when dealing in MRI’s securities until further information
  has been published.


Rosebank, Johannesburg
1 September 2015

Designated Adviser: Stellar Advisers (Pty) Ltd

Date: 01/09/2015 04:33:00 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.