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SABLE EXPLORATION AND MINING LIMITED - Update on acquisition of mining assets
2022/05/24 11:10:00Download PDF Stock report
Update on acquisition of mining assets Sable Exploration and Mining Limited (previously known as Middle East Diamond Resources Limited) (Incorporated in the Republic of South Africa) (Registration number: 2001/006539/06) (Share Code: SXM ISIN Code: ZAE000303319) (“SEAM” or “the company”) Update on acquisition of mining assets Shareholders are referred to the SENS announcement dated 28 February 2022, 24 November 2021 and 1 February 2022 regarding the agreement entered into by SEAM and Sable Platinum Holdings (Pty) Ltd, a wholly owned subsidiary of SEAM with Magni Investment Holdings (Pty) Ltd (“Magni”) and Lurco Metals (Pty) Ltd (“Lurco Metals”). Shareholders are advised that due to non fulfilment of certain conditions precent, the transaction is not proceeding. Shareholders are advised that the company has been approached by a number of companies regarding a potential reverse listing into SEAM. The company is in discussions with these companies and will update shareholders accordingly. 24 May 2022 Sandton Sponsors Exchange Sponsors Date: 24-05-2022 11:10:00 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.