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TRANS HEX GROUP LIMITED - Withdrawal of cautionary announcement and update regarding West Coast Resources

Release Date: 16/10/2019 17:49
Code(s): TSX     PDF:  
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Withdrawal of cautionary announcement and update regarding West Coast Resources

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex”)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT AND UPDATE REGARDING WEST
COAST RESOURCES

Shareholders of Trans Hex (“Shareholders”) are referred to the initial cautionary
announcement released on SENS on 10 May 2019 (“Cautionary Announcement”) and the
further cautionary announcements released thereafter, regarding the negotiations pertaining
to a potential disposal of the shares held by Trans Hex Diamante Beperk (“THD”), in the
issued share capital of West Coast Resources Proprietary Limited (“WCR”) (all of which are
subsidiaries of Trans Hex) to Kernel Resources Proprietary Limited (“Kernel Resources”)
(“Proposed Transaction”).

Shareholders are advised that the negotiations pertaining to the Proposed Transaction have
terminated; therefore, the Cautionary Announcement is hereby withdrawn.

The management and mining services agreement entered into by Trans Hex Operations
Proprietary Limited, THD, WCR and Kernel Resources, in terms of which WCR would have
appointed Kernel Resources as an independent contractor to perform management and
mining services has also been terminated.

Shareholders will be updated of any further developments in due course.


Cape Town
16 October 2019

Sponsor
One Capital

Date: 16/10/2019 05:49:00
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