ZCI LIMITED - Shareholder Update - Matsitama Acquisition and ZCI Delisting

Release Date: 06/07/2018 17:30
Code(s): ZCI
 
Wrap Text
Shareholder Update - Matsitama Acquisition and ZCI Delisting

ZCI Limited
(Bermudian registration number 661:1969)
JSE share code: ZCI
ISIN: BMG9887P1068
Euronext share code: BMG9887P1068
("ZCI" or the “Company")

UPDATE TO SHAREHOLDERS - ACQUISITION OF MATSITAMA MINERALS AND ZCI DELISTING

ACQUISITION OF MATSITAMA MINERALS
Shareholders are referred to the previous announcements released by ZCI in connection with, inter alia, the
liquidation of African Copper plc (in Liquidation) (“ACU”). Capitalised terms defined in previous
announcements have the same meaning when used herein.

ZCI is pleased to advise shareholders of the acquisition by ZCI of all of the interest held by ACU collectively
in Matsitama Minerals (Pty) Limited (“Matsitama”). Matsitama is a ZCI Group subsidiary company
incorporated in Botswana, owning the rights to the Thakadu-Makala deposits and holding permits in
exploration properties at the Matsitama project.

The Matsitama project is contiguous to the southern boundary of the Mowana Mine owned by Leboam.
Extensive greenfield exploration have been carried out at the Matsitama project by ACU in the past with
encouraging results. ZCI will continue to provide financial assistance to Matsitama for purposes of funding its
operating expenditure with the strategic intent to realise value from its investment in Matsitama.

ZCI DELISTING
Shareholders are also referred to the Removal of Listing Announcement released by the JSE on 21 June
2018 and ZCI’s subsequent update to shareholders on the same date.

Shareholders are reminded that as of Monday, 9 July 2018, communication via SENS/Euronext will cease
and going forward all shareholder communication will be made via the Company’s website at www.zci.lu

General enquiries concerning the company or its business can be addressed to ZCI Limited, Suite 510, 5th
Floor Barkly Wharf, Le Caudan Waterfront, Port Louis, Mauritius, or by email to zci@maitlandgroup.com

Bermuda
6 July 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 06/07/2018 05:30:00 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.

Email this JSE Sens Item to a Friend.

Share This Story