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4 Jun 2008 09:01
AQUARIUS PLATINUM LIMITEDASX, LSE & JSE4 June 2008
Platinum Mile Transaction Approved for Completion
Aquarius Platinum Limited is pleased to advise that it has received the regulatory approvals for the acquisition of a 50% interest in Platinum Mile Resources (Pty) Limited.
Following approvals from the South African Competition Tribunal and the SARB, the R420 million consideration for 50% of the issued share capital of Platinum Mile will now be paid: comprising R210 million in cash and R210 million in Aquarius Platinum shares, to be issued on the South African register at a fixed price of R78.33 (as announced on 7 February 2008) representing 2,680,854 Aquarius Platinum shares. Following the issue of new shares, the total number of Aquarius shares on issue will increase to 260,933,222. Further, it should also be noted that the transaction's effective date is backdated to March 1st 2008.
For further information please contact:
In Australia: Willi Boehm
Aquarius Platinum Corporate Services
+61 8 9367 5211
In United Kingdom and South Africa:
Nick Bias Aquarius Platinum + 44 7887 920 530 REGISTERED OFFICE
Aquarius Platinum Limited - Clarendon House - 2 Church Street - Hamilton HMCX Bermuda
Email: info@aquariusplatinum.com
Telephone: +61 8 9367 5211
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