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

BAUBA RESOURCES LIMITED - General Issue of Shares for Cash: Extension of Long-Stop Date

Release Date: 15/01/2021 17:20
Code(s): BAU     PDF:  
Wrap Text
General Issue of Shares for Cash: Extension of Long-Stop Date

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
(“Bauba” or “the Company”)


GENERAL ISSUE OF SHARES FOR CASH: EXTENSION OF LONG-STOP DATE


Shareholders are referred to the announcement released on SENS on 22 December 2020 (and using the
terms defined therein unless otherwise stated) wherein it was advised that the Company had entered into an
Agreement with Pelagic Resources PTE LTD (collectively, “the Parties”) in terms of which Pelagic will
subscribe for 113,683,334 ordinary shares of the Company.

The issue of the Subscription Shares was subject to the fulfilment or waiver, as the case may be, of various
conditions precedent as set out in the Agreement, including Company and regulatory approvals, by no later
than 15 January 2021.

As a result of circumstances beyond the control of the Parties, inter alia, relating to the extended lock down
level 3 of South Africa and the South African Reserve Bank approval, Bauba shareholders are advised that
the conditions precedent to the issue of the Subscription Shares remain outstanding.

Consequently, both the Parties have agreed in writing to an extension of the long-stop date until 20 January
2021.


Johannesburg
15 January 2021

Sponsor
Merchantec Capital

Date: 15-01-2021 05:20:00
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