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Update on the specific issue of shares for cash to a related party and renewal of cautionary announcement
MIDDLE EAST DIAMOND RESOURCES LIMITED
(formerly Sable Metals and Minerals Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2001/006539/06)
(JSE code: MED ISIN: ZAE000211876)
(“MEDR” or the “Company”)
Update on the specific issue of shares for cash to a related party and renewal of
cautionary announcement
1. Introduction
Shareholders are referred to the announcement of 10 October 2016 wherein an agreement
had been reached with Sheik Abdulla Khalfan Humaid Nasser, the non-executive Chairman,
in terms of which he would subscribe for 120 million shares at 10 cents each in the share
capital of MEDR.
2. Conditions precedent
An addendum to the agreement has been signed today to change the agreement to an interest
free loan of $400 000 (four hundred thousand United States dollars) and a bank guarantee of
$473 000 (four hundred and seventy three thousand United States dollars). The loan and the
guarantee will be issued by Monday 28 November 2016.
3. Renewal of cautionary announcement
Shareholders are advised to continue exercising caution when dealing in the securities of the
company until a further announcement is made.
21 November 2016
Sandton
Sponsor
Exchange Sponsors
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