Bushveld Minerals Regulatory News (BMN)

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Close of Offer for Lemur Resources Limited

Bushveld Minerals Limited (AIM: BMN), a mineral development company focused on iron and tin projects in South Africa, announces that its takeover bid for all of the ordinary shares in Lemur Resources Limited (ASX: LMR) closed at 17:00 Perth, Western Australian time, on Friday 01 November 2013.

Following the closing of the bid, Bushveld has acquired a relevant interest of 54.39% of Lemur's issued share capital.

The Company will, in the coming few days, provide guidance in respect of its plans for Lemur going forward.

Fortune Mojapelo, CEO of Bushveld Minerals, said: "I am pleased to announce following the closing of the deadline, Bushveld has acquired a majority interest of 54.39% in Lemur Resources. The Company intends to promptly conduct a comprehensive strategic review on Lemur in the coming weeks and will update the market accordingly." 

Contact

For further information on Bushveld please visit http://www.bushveldminerals.com or contact:

Enquiries: info@bushveldminerals.com

Bushveld Minerals Limited: Fortune Mojapelo +27 (0) 11 268 6555

RFC Ambrian Limited:Oliver Morse +61 8 9480 2500

Fox Davies Capital Limited:Jonathan Evans +44 20 3463 5000

For media queries please contact:

Tavistock Communications: Jos Simson/ Nuala Gallagher +44 (0) 20 7920 3150

Tielle Communications: Stéphanie Leclercq +27 (0) 83 307 7587

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of iron, tin and coal assets in Southern Africa. The Company owns the Bushveld Iron Ore Project and Mokopane Tin Project, both located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 54.39% interest in ASX Lemur Resources that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.