4 Dec 2008 07:00
4 December 2008
TanzaniteOne Response to Gemfields Resources
TanzaniteOne Limited ("TanzaniteOne" or "the Company") (AIM: TNZ) notes the announcement by Gemfields Resources Plc ("Gemfields") (AIM: GEM) that it is considering the requisition of a Special General Meeting of the Company for the purpose, inter alia, of removing certain Directors. No such notice of requisition has been received by the Company. If and when such a notice is received, shareholders will be informed and the proposals will be resisted.
Shareholders are advised that the B shares are owned by Tanzanite One Corporate Limited, a wholly owned subsidiary of Tanzanite One Limited, registered and incorporated in Bermuda.
As outlined in previous announcements, the Company will be approaching shareholders shortly to introduce the necessary takeover protections into its Bye-laws.
For more information, please visit www.tanzaniteone.com or contact:
| Willi Boehm, Company Secretary | Alex Buck, Public Relations |
| +61 8 9367 5211 | +44 (0)7932 740 452 |
| Nick Bias, Investor Relations | Laurence Read, Public Relations |
| +44 (0)7887 920 530 | +44 (0)7979 955923 |
| Nominated Advisor and Joint Broker Evolution Securities | Joint Broker Ambrian Partners |
| Simon Edwards or Neil Elliot | Richard Chase |
| +44 (0)20 7071 4300 | +44 (0)20 7634 4700 |
| Financial Adviser | |
| Lazard & Co | |
| Spiro Youakim or Chris Seherr-Thoss | |
| +44 (0)20 7187 2000 | |